[19] Fairmondo: Cooperatively Owned Online Marketplace

Fairmondo is an online-marketplace owned by its local users currently based in Germany. It is an ethical alternative aiming to compete against Amazon’s extractive model. With a membership of around 2,200, they are steadily expanding towards their goal to create a global cooperatively owned online marketplace. They prioritize fairness, respect, commitment to transparency, and fair trade products.In this episode I speak with founder Felix Weth about the online marketplace they are creating to give buyers an option to engage with an economy they can trust. He shares the voids they are filling in the current marketplace, their multi-stakeholder membership structure, what kind of products they offer, how they raised capital, and how they plan on increasing scale to compete with Amazon.