rezexe raises €1.7m in funding to kickstart roll-out of ground-breaking platform

Irish software platform rezexe has announced it has raised €1.7m from Irish, Asian, and European based investors in its initial fundraising round completed in 2020. The funding includes a €250,000 investment from Enterprise Ireland in the early-stage company, reflecting the strength of rezexe’s proposition.

In development for two years, rezexe is a true world-first, creating a secondary marketplace for trading reservations and waiting list places. From today, users can trade places safely and securely – always with the involvement of the operator of the list. Operators of reservation systems encompass a huge range of businesses including anything from restaurants, golf tee-time reservations, car servicing to dog groomers and tattoo parlours. Operators of waiting lists include golf and other private membership clubs, lists for must-have consumer goods, toys at Christmas, craft and limited-edition products, and Non-Fungible Tokens (NFTs). State-operated waiting and reservation systems can also be supported by rezexe.

Essential to how rezexe works is that ‘every party wins’. For businesses, particularly fixed capacity operators, it’s a way to increase profitability by maximising resources and cutting down on costly no-shows, or enabling differential pricing. For waiting list operators, it’s a way to manage, control, and even monetise lists. And for consumers using the platform, it’s a way to achieve their goals, whether buying or selling.

Marking the roll-out of the platform, Ross Ivers, Founding Director, and CEO, said: “rezexe is a ground-breaking platform and is truly a paradigm shift in how one thinks of and manages reservations and waiting lists. The level of interest in the concept was reflected in our initial funding which was significantly oversubscribed from investors in Asia, Europe, and Ireland. Following what we hope will be a successful Beta trial in Ireland which we commence today, we plan to move internationally immediately and will be seeking additional funding in due course”.

As part of its testing phase, in advance of global expansion and further funding rounds, rezexe is actively seeking forward-thinking businesses, clubs, and organisations to take part in the Beta trial of the platform. There has been substantial interest in the market, and sign-ups are well underway.

Niall McEvoy, High Potential Start-Ups Manager ICT Accelerate with Enterprise Ireland, said: “Cultivating an environment that allows start-ups and entrepreneurs with global ambition to prosper is a key focus of Enterprise Ireland. We are delighted to be supporting rezexe as a High-Potential Start-Up. rezexe’s simple and unique proposition and its scalable business model means it has the potential for significant export and jobs growth.”

From its earliest days of development, rezexe has benefited from a handpicked team of co-founders and board directors, who were tasked with bringing the platform to market. Their wide-ranging experience is drawn from finance, technology, betting and gaming, and marketing.

For more information on please visit: rezexe.com