
A new Toronto-based startup, Frate, recently raised nearly two million dollars in pre-seed funding led by 2048 Ventures. The company’s mission is to “reinvent returns for the betterment of the planet.”
E-commerce has grown rapidly in Canada in recent years. The domestic e-commerce market is projected to be worth almost $80 billion in 2022, and is expected to grow 15% per year over the next five years. This online shopping boom has led to increased returns, which in turn lead to both increased pollution and financial harm for e-commerce companies that typically offer free returns.
Frate’s solution to this problem is through peer-to-peer returns. Rather than ship products back to warehouses just to ship them out again to new purchasers, Frate’s platform allows retailers to ship returns directly from one customer to another. This reduces the shipping cost and pollution required for returns under the traditional method.
Frate’s beta product is currently being used by some Canadian retailers and the company is planning a full launch in the new year.
Image by https://unsplash.com/@carrier_lost
Authors
Expertise
Insights
-
Technology
Canadian Legal Tech Company, Clio, Acquires UK-based ShareDo
In a strategic move to expand its services to large law firms, BC-based legal technology company Clio has acquired UK-based ShareDo. Founded in 2011, ShareDo is a provider of adaptive work management… -
Technology
The 2025 TSX Venture 50 List
The 2025 TSX Venture 50 list has been released, showcasing the top 50 best-performing companies on the TSX Venture Exchange (“TSXV”) over the past year. This year’s list was compiled based on a new… -
Litigation and Dispute Resolution
Court Declines to Rule Out Duty of Care Owed by Social Media Platforms to School Boards
In Toronto District School Board v. Meta Platforms Inc. et al. (2025 ONSC 1499), Ontario Superior Court Justice Leiper dismissed a motion to strike a lawsuit commenced by the Toronto District School… -
Technology
Startup Jump Offers Freelancers Full-Time Contracts with Employee-Like Perks
Jump, a French startup, provides freelancers with full-time contracts, giving them the stability of traditional employment while maintaining their independence. Freelancers can manage billing through… -
Technology
“Leena Mo, CEO” Uses Storytelling to Foster Young Entrepreneurs
In a heartwarming quest to explain her complicated job to her young children, Deena Shakir, an investor at Lux Capital, turned to creativity. Shakir, known for her investments in innovative health… -
Technology
The Future of TikTok and Rise of New Competitors
TikTok, the popular app owned by the Chinese company ByteDance, has raised significant concerns in the US regarding potential content and data manipulation by the Chinese government. These concerns…