Alchemy's Callisto platform sees growth in wholesale buying and selling of secondary and used technology

Alchemy, a circular technology company headquartered in Dublin, has received record sales through its global refurbished tech trading platform, Callisto.

Callisto is designed to streamline wholesale buying and selling of a wide range of secondary and used tech, from smartphones and tablets to laptops, accessories and more. The platform helps buyers, including wholesalers, traders, resellers, refurbishers and e-commerce stores, source high-quality refurbished tech while reducing supply chain issues and unnecessary costs with transparent pricing and transactions, Alchemy says. Callisto also helps sellers, including retailers, carriers and original equipment manufacturers, turn refurbished devices into profits.

RELATED: Alchemy to open electronics processing facility in Miami

Alchemy says buyers and sellers using Callisto are guaranteed secure, protected transactions, making trading simple and seamless. The platform offers buyers the ability to “Make an Offer” on eligible cataloged products, allowing them to participate in a dynamic, interactive negotiation process.

"Callisto is helping all wholesale buyers, from regional resellers to individual repair shops, access consistent, quality refurbished stock at competitive prices,” says James Murdock, co-founder and chief marketing officer at Alchemy. “Callisto has transformed access to the secondary tech market for thousands of wholesale buyers, connecting them to a global network of trusted sellers.

“At Alchemy, we’re committed to democratizing access to the secondary market via practical, trusted and transparent solutions. We’re making significant investments over the coming years to enhance Callisto further and set new industry standards. We’re not just shaping the future of global tech trading; we’re increasing access to the global circular economy in a tangible way.”

The platform is a core component of Alchemy's strategic growth, according to the company, offering an online trading environment to more than 3,000 wholesaler buyers and sellers globally. In the past 12 months alone, 620 new buyers began trading through Callisto and the platform recorded a gross merchandise value (GMV) of $600 million.

Callisto has facilitated the sale of used, refurbished and like-new tech amounting to $1.6 billion in GMV since April 2019, marking 2,181 percent sales growth.

Alchemy says it has processed more than 7 million devices globally, saving 424 million kilograms of CO₂ emissions and is used by some of the world’s largest technology companies, supporting trade-in programs across the globe. The company has facilities for device warehousing, triage and grading; reverse solutions; and picking, packing and shipping globally, including the U.S., U.K., Australia, Dubai, Hong Kong, Mexico, South Korea, Taiwan and Japan. Alchemy also processes and ships to businesses and directly to consumers across Europe from shipping locations in Ireland and France and multiple sales offices.

The company recovers devices directly from consumers through its partnerships with manufacturers, mobile carriers and retailers, managing their trade-in programs, and facilitates transactions from end to end, creating a transparent chain of custody.

Alchemy also owns Loop Mobile, a leading online retailer of used mobile phones, operating in major markets, including the United States, Europe, the United Kingdom and Australia.