{"id":48455,"date":"2018-05-21T00:32:48","date_gmt":"2018-05-20T23:32:48","guid":{"rendered":"https:\/\/staging.startups.co.uk\/startups-100\/?p=48455"},"modified":"2018-05-21T00:32:48","modified_gmt":"2018-05-20T23:32:48","slug":"70-fat-lama","status":"publish","type":"post","link":"https:\/\/staging.startups.co.uk\/startups-100\/2018\/70-fat-lama\/","title":{"rendered":"70. Fat Lama"},"content":{"rendered":"

Founders:<\/strong> Chaz Englander, Rosie Dallas and Owen Turner-Major
\nFounded:<\/strong> November 2016
\nWebsite:<\/strong> fatlama.com<\/a><\/p>\n

When Chaz Englander, Rosie Dallas and Owen Turner-Major were tasked with refurbishing an office space in 2015, they found they needed all sorts of equipment that they didn’t have – from ladders to vacuums to tiling tools.<\/p>\n

With equipment hire shops proving too expensive, too niche or too inconvenient, the trio wasted £5,000 buying items they only needed to use for a few hours. This was frustrating – especially when they knew other people in the office building would no doubt have the same items lying around.<\/p>\n

From this frustration came their solution: Fat Lama<\/a>.<\/p>\n

Launched in 2016, Fat Lama is a peer-to-peer platform through which members can rent out their unused possessions – anything from professional camera equipment and musical instruments to campervans, drones, VR consoles and more.<\/p>\n

With its users at the forefront, Fat Lama doesn’t charge to list items on the site, instead it takes a 15% service fee when an item is borrowed. Furthermore, possessions are insured up to the value of £25,000, encouraging the peace of mind necessary for a successful rental.<\/p>\n

It’s an offering that has certainly struck a chord with the public. Fat Lama is operational throughout the UK, with over 60,000 users in London alone.<\/p>\n

At the start of 2018, the platform launched in New York – and was inundated with interest, with more than 1,300 items listed in its first 48 hours stateside.<\/p>\n

Now with 20 team members, the start-up has attracted $3.1m in seed funding and plans to launch in more US cities.<\/p>\n

As for the more distant future, Englander, Dallas and Turner-Major say the fact that users can rent anything at all, from kayaks to prams, is the “game-changer” that will make the company go far, and “means the model has the potential to be the biggest business in the world”.<\/p>\n

With such early traction under its belt, we expect to be hearing a lot more from Fat Lama in the coming year.<\/p>\n\n","protected":false},"excerpt":{"rendered":"

Founders: Chaz Englander, Rosie Dallas and Owen Turner-Major Founded: November 2016 Website: fatlama.com When Chaz Englander, Rosie Dallas and Owen Turner-Major were tasked with refurbishing an office space in 2015, they found they needed all sorts of equipment that they didn’t have – from ladders to vacuums to tiling tools. With equipment hire shops proving […]<\/p>\n","protected":false},"author":63583,"featured_media":48456,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[183],"tags":[],"class_list":["post-48455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-183"],"acf":[],"yoast_head":"\n70. 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