Paperclip launches online marketplace for students

Technology start-up Paperclip, which is headquartered in Cardiff, has launched a new marketplace where students can buy, sell and swap products.

It’s teamed up with Student Money Saver to encourage students to reduce unnecessary spending by trading and selling unwanted items instead of throwing them away.

Students can now access the service, which allows them to upload and sell items they no longer need. From textbooks to trainers, they can trade items with those in nearby accommodation.

According to research from the National Union of Students, around half of students struggle to pay for course resources such as books and materials. And 71 per cent of them worry about money.

The platform “gives students the chance to trade and sell any unwanted kitchen items and books that they wouldn’t need after they graduate, but that a new student could really use”.

Matt Stevenson, head of operations at Student Money Saver, said his organisation and Paperclip are on a mission to help students improve their finances.

“Having been involved with Student Money Saver for five years I understand just how important it is for students to be savvy with their finances, which is why I’m so excited to be launching our very own student marketplace with Paperclip,” he said.

“It will provide a fantastic opportunity for students to be able to buy, sell and swap items within the comfort of their university community, and hopefully prove to be an important tool in what can be a financially tricky time.”

Based in NatWest’s Entrepreneurial Spark Hub, Paperclip is the brainchild of Rich Woolley and Alan Small. It’s designed to “alleviate the financial stress of university, but also to encourage more students to meet up, get to know one another and find people with similar interests”.

Talking about the partnership, Paperclip co-founder Alan Small said: “We’re so proud to be working with Student Money Saver this year. A student marketplace isn’t just about saving money. It’s about being part of a community.

“And we couldn’t think of a better platform to work with than one which has helped so tremendously with student wellbeing.

 He added: “My co-founder Rich and I met at university and we know firsthand how important it is to budget well and take every opportunity to save when you’re a student.

“We really hope that having a free marketplace available not only helps with saving, but that it goes some way towards reducing the stress that can come with being in a new environment and budgeting for the first time.”