Momox SE is a Berlin-based re-commerce company founded in 2004 by Christian Wegner. It specializes in the buying and selling of used books, media such as CDs and DVDs, computer and video games, and clothing through its various platforms. The company started with a modest capital and storage space, initially selling on eBay and Amazon before launching its own websites momox.de for buying media and medimops.de for selling used books in 2006 and 2007 respectively. Since then, Momox has significantly expanded its operations beyond Germany to countries including France, Austria, Spain, and Italy.
Momox operates a trade-in service where consumers can sell their used goods through momox.de and its app at fixed prices without shipping costs. The company then resells these products on medimops.de (books and media) and ubup.com (clothing), offering customers savings of up to 70% compared to retail prices. With more than 1,700 employees across six sites in Germany and Poland, Momox has evolved to become Europe’s largest re-commerce company in its sector, boasting over 45 million customers and having purchased more than 400 million items since its inception.
The company has been financially supported by investors such as Verdane Capital, which became the majority owner in 2019, allowing for further growth and development. Despite challenges like Brexit which led to the discontinuation of the UK momox.co.uk service in 2021, Momox continues to lead the market in Europe, ranking as the biggest vendor for used goods on Amazon worldwide and number three on eBay. Its business model embodies sustainability by promoting the resale and reuse of consumer goods, reducing waste and environmental impact.
Momox’s mission is centered on providing a fast, easy, and efficient way to sell and purchase pre-owned products, making them accessible to a broad audience while fostering the circular economy in the consumer goods industry.