MELBOURNE, AUSTRALIA: Alchemy, a global leader in the circular technology market, has announced that it has acquired numobile, an Australian fintech company that offers mobile device subscription and financing services.

The deal will enable Alchemy to expand its range of innovative services for the circular technology market, and to provide refreshed devices through subscription plans to businesses and consumers across the world.

numobile was founded with a mission to give consumer electronic devices a new life while saving consumers money. The company operates as a mobile virtual network operator (MVNO) that uses Telstra Wholesale’s network, and as a Device-as-a-Service (DaaS) provider that allows customers to rent or buy refurbished devices at affordable prices.

numobile’s customers can also return their devices at any time, and have them resold or refurbished for reuse.

The acquisition will allow Alchemy to integrate numobile’s DaaS platform into its offer, and to launch a new service called nupay. nupay will provide DaaS and other financing options to make quality technology accessible for both businesses and consumers, while reducing the environmental impact of the tech sector.

nupay will leverage Alchemy’s extensive range of refurbished devices, which are sourced from trade-in programs with manufacturers, mobile carriers, and retailers. nupay will also benefit from Alchemy’s global footprint, operational scale, and global partnerships.

Walter Vicente, CEO of Alchemy, said that the combination of numobile’s device subscription capabilities and Alchemy’s refurbished devices will provide consumers with a unique bundle that offers increased affordability and flexibility. He said that the acquisition marks the next step in Alchemy’s mission to expand its innovative range of services for the circular technology market.

Silke Poortman, CEO of numobile, said that joining the Alchemy family will enable numobile to offer its solutions to a much larger customer base. She said that numobile is thrilled to be part of the Alchemy team and enter a new phase in its growth and ambitions to make circular tech affordable for all. She said that fostering circularity is the right thing to do for the planet and to reduce the cost of tech.

Alchemy is the fastest-growing global circular technology company. It has traded over 4 million devices and has avoided an estimated 273,000 tonnes of CO2e through its refresh process.

Alchemy’s pioneering technology seamlessly integrates every stage of the circular tech market, from trade-in to remarketing to businesses and consumers.

It recovers devices directly from consumers through its partnerships with manufacturers, mobile carriers, and retailers, manages their trade-in programs, and facilitates the transactions from end to end, creating a transparent chain of custody. Its proprietary technology empowers consumers and businesses across the world to recover value safely and securely from their used devices.

It owns LoopMobile, a leading online retailer of used mobile phones – operating in major markets, including the United Kingdom, Europe, Australia, and the United States.