Australian-born peer-to-peer fashion rental marketplace The Volte has marked its official entry into the United Kingdom.
Known as the ‘AirBnB of fashion’, The Volte was officially launched in 2018 and allows users to monetise their wardrobes, particularly premium and luxury-priced items.
“Our entry into the UK is a significant milestone for The Volte as we continue to expand globally,” co-founder and CEO Bernadette Olivier said.
“Our proof of concept with our thriving marketplace, technology and brand partners in Australia gives us the insight and drive as we offer UK consumers something new in the rental segment.”
The Volte is the largest designer fashion rental marketplace of its kind globally, and connects borrowers and lenders to more than 70,000 designer dresses.
Kellie Hush, who joined The Volte in 2022 as creative director and has since been named chief brand and strategy officer and co-founder, said the rental marketplace concept offers customers the opportunity to make a return of up to four times the amount of their initial purchase price via The Volte.
“Why keep tabs on the stock market when you can wear your assets out for dinner?” Hush said. “Quality, style and cost-per-wear — the fundamentals when it comes to calculating your fashion investments.”