Wefix

Wefix

Transforming itself and now becomes a real brand by developing its offer to best meet the expectations of a constantly evolving market.

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DateInvestorsAmountRound
-investor

€0.0

round
*

€2.5m

Series A
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth-10 %78 %6 %32 %24 %14 %
EBITDA0000000000000000000000000000
% EBITDA margin-(15 %)(13 %)(12 %)(5 %)--
Profit0000000000000000000000000000
% profit margin(7 %)(18 %)(17 %)(20 %)(10 %)--
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Dealroom estimates

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More about Wefix
Made with AI
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Wefix has carved out a significant space in the electronics repair market, specifically focusing on smartphones and tablets. The company's journey began in 2012 when founders Edouard Menantaud and Gaspard Konrad, after experiencing the frustration of a broken iPhone screen firsthand, decided to create a solution for on-demand repairs. Initially named Allo Smartphone, they provided at-home repair services.

The business rebranded to WeFix in 2014. A year later, Matthieu Lesieur joined as the third associate director, and the company began opening its first retail corners in shopping centers. This physical presence marked a pivotal shift from a purely at-home service to a more accessible retail model. The company's core business revolves around providing express repair services, with an average repair time of about 20 minutes for common issues like screen or battery replacements. They serve the general public, capitalizing on the high penetration of smart devices and the commonality of accidental damage. Revenue is generated directly from these repair services, the sale of reconditioned smartphones, and accessories.

A major milestone occurred in October 2018 when the French retail giant Fnac Darty acquired a majority stake in WeFix. This acquisition was a strategic move for Fnac Darty to enter the smartphone repair market and align with the growing circular economy. For WeFix, the partnership provided the resources to significantly accelerate the expansion of its retail network, with the goal of doubling its footprint, including opening dedicated corners within Fnac and Darty stores. By March 2020, WeFix had opened its 100th location. The company expanded its service portfolio by becoming an Apple Authorized Service Provider in 2022, further enhancing its credibility and service offerings.

Beyond repairs, WeFix is committed to extending the lifespan of electronic devices. The company offers a range of reconditioned smartphones and has developed its own line of accessories, such as the XFORCE screen protector. Technicians undergo intensive training to ensure high-quality service, and all repairs come with a one-year guarantee, using original or compatible components.

Keywords: smartphone repair, tablet repair, electronics repair, express repair, phone screen replacement, battery replacement, device repair, reconditioned smartphones, circular economy, consumer electronics, Fnac Darty, mobile phone accessories, retail repair service, Apple Authorized Service Provider, device lifecycle, on-site repair, tech repair, gadget repair, phone maintenance, electronic waste reduction

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