# Swappie

> <p><strong>Known for:</strong> Buys used iPhones and iPads, refurbishes them in its own factories and resells them, founded in Helsinki in 2016. Every device goes through a 52-step check and ships with a 12-month warranty, and you can sell your old iPhone back to Swappie to close the loop. Swappie had its first operationally profitable year in 2025.</p>

Swappie moved most refurbishment work from Helsinki to Tallinn in 2023 and later took a €17 million loan from the European Investment Bank to automate testing with robotics. Investors include Verdane, Inventure, Lifeline Ventures and Tesi. The company reported its first operationally profitable year in 2025.

https://swappie.com