Ecomz raises $4 million series A

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Source: MenaBytes

Beirut-based ecommerce management platform Ecomz has raised $4 million in a Series A round led by local VC Cedar Mundi Ventures, the startup announced yesterday. The round was also joined by iSME Lebanon, a government led funding initiative, and BLC Bank.

Founded in 2015 by Rudy Bekerejian and Amer Tabbara, Ecomz, just like Shopify, is an end-to-end ecommerce management platform that enables merchants to set up their mobile-optimized online stores and sell online. The merchants can set up their online stores using Ecomz’ store builder without having any technical skills.

The platform offers a variety of free and paid themes to choose from, for merchants. Ecomz also offers a range of built-in store management applications and different integrations including payments and shipping, enabling merchants to easily accept payments with international gateways and deliver their products all across the world. Ecomz’ personalized insights engine allows merchants to identify the weaknesses of their stores and optimize the performance.

The startup also enables merchants to grow in new markets through new sales and distribution channels including product sourcing and dropshipping, multi-vendor marketplace, and multi-channel integration.

Rudy Bekerejian, Co-Founder and CEO of Ecomz, commenting on the occasion, said, “Ecommerce is not only a game for pure players. Traditional retail can be largely enhanced with an online presence. Ecomz can ensure a smooth and seamless shift towards building a successful online business and aims to empower retailers throughout their business journey.”

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