Partnership with Drone Nerds Represents New Trade-In Category for Phobio
New Business Comes as Phobio Experienced Double Digit Growth in 2020
(Atlanta, GA – Feb. 24, 2021) – Phobio, the premier trade-in service for mobile operators and iconic consumer electronics brands, has been named a trade-in provider to three new companies: Amazon Canada, Hyperion Partners and Drone Nerds. The partnership with Drone Nerds, North America’s largest drone retailer, represents a new business category for Phobio, which has traditionally handled smart devices and laptops.
The new business comes on the heels of a tremendous year of growth for Phobio. The company nearly doubled revenue in 2020, as consumers and companies across the country updated and upgraded their devices as a result of changes in the workplace and workforce. That momentum has continued in 2021 as Phobio adds new business and works toward its goal of expanding the industries and products that use its trade-in platforms to offer consumers the opportunity to increase their purchasing power and waste less.
“We are delighted to work with these three new companies to offer their customers a simple and secure trade-in program that makes obtaining a new device more cost effective and gives their old devices a second life” said Stephen Wakeling, Phobio CEO and Co-Founder. “Expanding the industries and products we handle and offering new kinds of companies the opportunity to build a trade-in program is a key goal for Phobio, and our partnership with Drone Nerds is a terrific start.”
More details on each partnership are below.
Amazon Canada – Phobio will handle certain eligible mobile phones, laptops, iPads and Apple watches for Amazon Canada using an online consumer trade-in platform. Consumers who participate will receive an Amazon.ca eGift Card for the value of their trade-in devices.
Hyperion Partners – Phobio will handle mobile phone, computer, tablet and wearable trade-ins for Hyperion Partners’ business customers via a touch-free shipping kit. Customers will be compensated for their trade-ins via a credit toward their purchase or a check.
Drone Nerds – Phobio will handle trade-ins for a variety of consumer drones, including DJI and Autel robotics devices, Phantom, Mavic, Inspire and Autel 1 and 2 series. The models that Phobio handles will most likely expand in the future. Customers who participate will receive a credit back from Drone Nerds for their trade-in.
To create the comprehensive inspection and tradeflow process for dones, Phobio partnered with Hyvion, a national service provider and domain experts in drone models and professional applications.
Phobio was recently named to the Inc. 5000 list, a ranking of the nation’s fastest-growing private companies, for the third year in a row.
Phobio is the premier trade-in service for mobile operators and iconic consumer brands in North America. Using innovative custom software products, Phobio helps its clients increase device sales and improve customer purchasing power while facilitating a second life for trade-in items. Phobio’s simple and secure omnichannel trade-in programs offer optimal value and custom solutions that simplify the complicated for its clients and elevate the customer experience. Phobio is proud to play an important role in the emerging circular economy, in which products are traded in to be recycled or sold to the next consumer so they stay out of landfills and contribute to a cleaner planet. Founded in 2010 and based in Atlanta, GA, Phobio fosters a dynamic work environment where people do the best work of their careers. For more information, visit http://www.phobio.com