„PwC“ specialists are continuously advising unicorn „Vinted“

“PwC” capital markets and accounting advisory specialists are continuously advising Vinted on various accounting and finance function matters. Vinted is Europe’s leading C2C marketplace for second-hand fashion, is valued at more than EUR 1bn and is the first unicorn from Lithuania.

„PwC“ team of consultants is led by Jonas Balsys, Director and Capital markets and accounting advisory services leader.

"We are pleased that Vinted has selected us as specialists in helping assess its financial processes, draft accounting policy, and provide accounting advice on capitalisation of development costs, accounting for share-based payments and other accounting matters as well as helping improve the Company’s finance and accounting processes and internal controls. It is a pleasure to work with Vinted’s strong and motivated finance team which always spreads positive energy and maintains solid relationships with our team built on mutual trust." - Jonas Balsys shares his experience with the unicorn.

Vinted currently operates in 11 countries in Europe, including France, Germany, Spain and the Netherlands. Vinted invests its new capital in technological product development and further business expansion in Europe, which currently has a community of 45m members.