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  • TipTop, known for immediate cash for electronics, introduces TipTop Shop, facilitating buying and exchanging devices.
  • Users can trade in old devices for discounts on new ones or make purchases without trade-ins.
  • TipTop has raised $23 million in Series A funding from notable investors, including Andreessen Horowitz and OpenAI CEO Sam Altman.

TipTop, the startup that provides immediate cash for electronics, is introducing TipTop Shop, a platform for users to buy and exchange devices.

TipTop Shop expands on the success of TipTop Cash, which was launched last year. It enables individuals to receive instant payouts for electronic devices such as smartphones, iPads, cameras, game systems, and more.

At TipTop, customers have the option to trade in their old Samsung Galaxy for a discount on an iPad, an Apple HomePod mini for a Nintendo Switch, or an iPhone for a Nothing phone. However, customers can also purchase without a trade-in if they prefer.

When it comes to payments, TipTop uses Stripe, and they take care of the deliveries as well. Unlike platforms like eBay and Facebook Marketplace, where consumers buy from other consumers, TipTop owns the devices themselves.

Excitingly, Lehmann hinted that next month, the startup will introduce a new product that enables merchants to run instant trading programs.

So far, TipTop has secured $23 million in Series A funding from investors, including Andreessen Horowitz (with Marc Andreessen on the board), OpenAI CEO Sam Altman, AngelList co-founder Naval Ravikant, and Gokul Rajaram, a board member of Pinterest, Coinbase, and DoorDash.

Edited by Shruti Thapa