Locations
Stockholm, Sweden · Stockholm, Sweden
industry
Commerce and Shopping · Software
Size
1 - 10 employees
Stage
Other
founded in
2023
Magic is a platform that helps large retailers manage product returns more sustainably by predicting customer intent and facilitating local fulfillment of returns. With a focus on compliance with upcoming EU regulations, Magic's machine learning algorithms provide retailers with a dashboard that predicts returns with 99.5% accuracy, enabling them to list items earlier and reduce the risk of unsold inventory ending up in landfills. The company positions itself as a crucial partner for retailers facing challenges in managing returns, particularly in light of increasing regulatory pressures and the need for sustainable practices in logistics and supply chain management.
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