Momox was founded in 2006 by Christian Wegner, who operated the business from his apartment at that time. Today the company has grown to approximately 400 employees and is turning over more than 23 million Euro annually with the trading of second-hand books, CDs, DVDs and games.
For Momox-customers the sales process is very easy: They just enter the barcode number of a book, game, DVD, or CD online and receive an immediate purchase offer from Momox. The customers then send the items to Momox without any delivery charges. Momox will pay the consumers once the items are received. The young company then sells the products on its online-shop or to other on- or offline-shops.
Christian Wegner (Momox, CEO) also stated in the latest German press reports, that he plans to expand his buyback service into some more European countries soon. However, he didn’t disclose which countries will be next.