March 4th, 2024
Loopie Acquires Bidding Platform: BidBud
Acquisition announcement of another Washington based start-up in the technology sector.
Seattle, March 4th, 2024 – Loopie, a leading player in the digital marketplace arena with a focus on peer to peer laundry delivery, announced today the acquisition of Bidbud Inc, a dynamic software solution provider known for its innovative bidding platform. This strategic move is poised to revolutionize Loopie’s mobile app marketplace which is currently focused on laundry wash & fold services, reinforcing its commitment to delivering unparalleled value and enhanced user experiences.
Information about BidBud in a grid format
Bidbud Software has garnered acclaim for its cutting-edge technology, facilitating efficient bidding processes across various industries. By integrating Bidbud’s software capabilities into Loopie’s platform, users can expect a seamless, streamlined experience when engaging in service requests and fulfillment within the gig economy marketplace.
“After years of fine-tuning our bidding platform for our users, the team at Bidbud is thrilled to embark on this new journey with Loopie,” stated James Fakhoury, CEO & Co-founder of Bidbud. “Our mission has always been to streamline and enrich the gig-economy marketplace experience through technology. With this acquisition, we’re set to unlock unprecedented potential, blending our strengths to enhance how users interact with on-demand services. It’s more than a business move; it’s a leap towards setting new industry standards and truly making a difference in the daily lives of our users. The app’s evolution into the dynamic and user-friendly platform we have today marks a significant departure from the initial idea that took root and flourished in the dorms of the University of Washington.”
Loopie App (left), BidBud App (right)
This acquisition marks a significant milestone for Loopie as it continues to expand its footprint and solidify its position as a growing innovator in the Pacific Northwest. With Bidbud’s expertise in software development and auction management, Loopie is poised to enhance its marketplace offerings, empowering users with advanced tools and features to optimize their transactions.
“We are thrilled to welcome Bidbud’s team and leaders, James Fakhoury and Elias Salmo, co-founders of Bidbud, to help us continue to innovate in new arenas of everyday life,” said John Lee, CEO of Loopie. “This acquisition aligns perfectly with our mission to provide our users with the best-in-class solutions and services. By integrating Bidbud’s technology into our platform, we are confident that we can deliver even more value to the communities we serve. We are excited to see where we can take this from here.”
The acquisition of Bidbud Software underscores Loopie’s commitment to innovation and customer-centricity. Through strategic partnerships and investments in technology, Loopie remains dedicated to driving growth and delivering exceptional value to its users.