Retail

Bridal Cosmetics E-Commerce Luxury Office Products Supply Chain Management
News Release Digital Asset Direct

SnappRetail secures $2.5m to digitise retailers in Pakistan as it expands coverage 13 cities by 2024

SnappRetail

Big retail is dominating consumer communities around the world and Pakistan is no different. Fintech startup SnappRetail is empowering micro and traditional retailers in Pakistan with a suite of digital solutions to help them remain relevant and competitive. In doing so, SnappRetail is today announcing a $2.5m pre-seed funding round to expand the business across Pakistan. The round was led by Zayn Capital’s BitRate Fund with participation by Antler and Century Oak Capital. Based on Crunchbase data, this is one of largest pre-seed rounds raised in the sector in the country. SnappRetail offers retailers point of sale (POS) tools and a digital operating platform - a micro enterprise system for end-to-end shop operations - that helps traditional retailers to grow their margin and revenue while helping micro-retailers upgrade who are losing out to growing modern supermarkets because of inefficient operations, inadequate cash flows, and cluttered in-store display. Through the deployment of SnappRetail POS hardware and a sales driven data optimization operating system, they will get access to micro credit for working capital, ability to accept digital and card payments, unlock cost efficiencies and grow their sales. SnappRetail was co-founded in 2021 by Adeel Rasheed (ex-Unilever), Moazzam Ali Khan (ex Unilever/L'oreal), Ahsan Aziz (ex TRG) and Moiz Ali (Ex Primatics Financials). SnappRetail is their second startup venture having previously founded retail recruitment consultancy Resource Linked which placed employees at over 100,000 retailers. They have seen up close and first-hand the spread of the retail industry across Pakistan. Retail is the second biggest contributor to Pakistan’s GDP at $170b and an industry comprising 3m businesses. Adeel Rasheed, CEO and co-founder at SnappRetail commented: “It’s hard to believe that retail, which is such a significant contributor to Pakistan’s GDP, is still run on pen and paper. Little to no data exists for these businesses to make meaningful decisions and, critically, to seek finance to help them succeed. They are missing out on revenue and We are moving retailers from manual ways of working to digital ways of working in all their daily tasks for the shop. We anticipate this change in approach will help them increase revenue by 25-50%.” Moazzam Ali Khan, co-founder at SnappRetail added: “Our ambition is to support retailers and we will collaborate with the industry because the true winner will be the customer in terms of product choice, service and price. We believe that the whole retail and startup ecosystem is working towards improving the livelihoods of the traditional retailer, grocery and beyond. We are trying to create an ecosystem where all aggregators and other applications can come in and take advantage of our base platform. With our pilot we have seen that retention is very high and gross transaction value through the system is extremely high vs any other play.” Faisal Aftab, General Partner & Co-Founder at Zayn BitRate Fund commented: “Being a proven concept globally, there is no doubt SnappRetail has the right approach to solving the essential problem of the retailer. We were particularly impressed by the experience and maturity this founding team brings to the table, hitting the right balance between hypergrowth and managing the burn. This balance is the need of the hour as SnappRetail gears up for national and eventually international success.” Jussi, General Partner and Founder at Antler, commented: “Having invested in similar plays globally, we have witnessed the immense market potential of this sector. We have been thoroughly impressed by the vision SnappRetail brings to the tech industry of Pakistan and are looking forward to seeing them build up on their great progress.” About SnappRetail SnappRetail is a complete retail operating platform that empowers traditional retailers in Pakistan to grow their margin. SnappRetail is a digital operating platform that empowers traditional trade retailers in Pakistan to grow their margin and revenue helping reshape micro-retailers/kiryana-stores in Pakistan, which are losing out to growing modern trade and supermarkets due to inefficient operations, inadequate cash flows, and cluttered in-store display. Through deployment of SnappRetail POS ecosystem & sales driven data optimization, traditional retail gets access to micro credit for working capital, ability to accept digital and card payments,unlock cost efficiencies and grow their sales-accelerating them on their quest to scale and disrupt the retail market For more information please visit https://snappretail.io/ Contact Details SnappRetail Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://snappretail.io/

September 07, 2022 07:00 AM Eastern Daylight Time

Image

GETIR IS THROWING IT BACK TO THE 1990s

Getir

Today, with inflation continuing to raise prices on common household items including food, rapid grocery delivery app Getir announced it would roll back the cost of several popular food items to prices that haven’t been seen since the 1990s. According to the Department of Labor, grocery prices increased by 1.3% in July from the prior month, and rose 13.1% in July from one year ago – the fastest annual pace since 1979. “The global inflation crisis is hitting major U.S. cities very hard, and prices continue to creep up, particularly when it comes to everyday household items,” said Langston Dugger, Head of U.S. Operations at Getir. “Getir is committed to providing value to our customers, so we decided to offer some of our top products at more affordable prices.” Items featured in this promotion include Jif Creamy Peanut Butter, Vlasic Kosher Dill Pickle Spears, Hershey’s Milk Chocolate, and several brands and varieties of dish soap, toothpaste, and breakfast cereals among other foodstuffs. In some cases, the price reductions are quite dramatic; for example, an 8 ounce bag of Lay’s Potato Chips normally sells on Getir for $4.99, and will now be offered at $1.89. A full list of 1990s-priced items is available below. “This promotion, in addition to providing a nostalgic way to offer savings to our customers, is emblematic of what the Getir brand has been associated with across Europe for years: convenience, reliability, and a commitment to providing the best possible customer experience,” added Darienne Page, Head of Public Engagement at Getir. According to experts, food-related inflation shows no signs of slowing down any time soon. Getir’s promotion, which launches this week in its U.S. markets of New York, Chicago, and Boston, will run through September 23rd. About Getir: Getir is the pioneer of ultrafast grocery delivery. The tech company, based in Istanbul, has revolutionized last-mile delivery with its “groceries in minutes” delivery proposition, offering approximately 2,000 everyday items to its customers. Getir has operations in all 81 cities of Turkey, and launched operations in the UK, the Netherlands, Germany, France, Spain, Portugal and the United States in 2021. Getir is, first and foremost, a technology company that operates in retail and logistics. It was founded in 2015 by Nazim Salur (founder of BiTaksi, Turkey’s leading taxi app), Serkan Borancili (founder of GittiGidiyor, acquired by eBay in 2011), and Tuncay Tutek (ex-PepsiCo and P&G executive in Europe and the Middle East.) Learn more at www.getir.com/us. Contact Details Arielle Goren +1 212-717-5863 getir@kivvit.com Company Website http://www.getir.com/us

September 06, 2022 01:20 PM Eastern Daylight Time

iTradeNetwork Appoints Amer Akhtar as CEO

iTradeNetwork

iTradeNetwork, the leading global provider of end-to-end supply chain management and intelligence solutions for the perishable food industry, is proud to announce the appointment of Amer Akhtar as Chief Executive Officer. Akhtar replaces Rhonda Bassett-Spiers, who led iTradeNetwork as President & CEO for six years. Under Bassett-Spiers’ leadership, iTradeNetwork developed a suite of industry-first solutions that enabled customers to build resiliency and quickly adapt to the ever-changing conditions of the food supply chain. Now, Akhtar is uniquely positioned to build upon this foundation and lead the company forward with his customer-centric approach and experience innovating and scaling SaaS businesses. “I want to thank Rhonda for her excellent leadership over the last 6 years. She has positioned the company for tremendous growth, and I am honored to lead us as we embark on iTradeNetwork’s exciting next chapter,” says Akhtar. Amer Akhtar has over 25 years of operating experience in companies ranging from startups to large multinationals in the US, Europe and Asia. He currently is a member of the Board of Directors of Thryv (NASDAQ: THRY), a provider of small business management software, and most recently served as CEO of Celential.ai, a venture-funded provider of AI-based recruiting solutions. Among his accomplishments building and leading SaaS businesses, Akhtar served as President of Yahoo! Small Business, where he managed over half a million clients, growing their digital presence. In addition, Akhtar spent nearly a decade at ADP building and running HR SaaS businesses. From 2009 to 2013, he was Managing Director and Country President for ADP in Shanghai, China, where he built the core business from the ground up, becoming the leading provider in the HR SaaS sector. “Our deep reverence for how quality food is produced – centered around hard work, multigenerational family traditions, and pride – strongly resonates with me,” says Akthar. “We play such a critical role in managing the perishable supply chain, which impacts everyone’s daily life and wellbeing. I'm excited to continue to bridge the gap between suppliers and buyers through our groundbreaking, innovative solutions.” Akhtar graduated from Amos Tuck School of Business at Dartmouth and resides in the San Francisco Bay Area with his wife and three children. iTradeNetwork, Inc. is the premier software provider for the industry’s largest network of 8,000+ food and beverage companies, building the smartest, freshest, most resilient supply chains of today and tomorrow. iTradeNetwork offers an expanded platform of solutions designed to improve efficiency and provide greater visibility across the supply chain for Procurement, Traceability, Analytics and foundational Data Services. For more information, visit: www.itradenetwork.com Contact Details Media Contact +1 925-660-1100 sales@itradenetwork.com Company Website https://www.itradenetwork.com

September 06, 2022 10:00 AM Pacific Daylight Time

From East And West: Asia Broadband’s Payment Gateway For The Future?

Asia Broadband, Inc.

The Bosphorus Bridge in Turkey was a marvel when it was completed in 1973. The largest suspension bridge outside of America at the time, it was also the first to cross the famed Dardanelles Strait and unite the continents of Europe and Asia. To this day known as the First Bridge in the city of Istanbul, this bridge is still a gateway between the East and the West, and it continues to capture the imagination with its promise of adventure and discovery. Asia Broadband Inc. (OTC: AABB) is launching a new gateway, one that it says will not just connect Europe and Asia but that will connect consumers and businesses to the future of digital payment. Asia Broadband, a resource company that primarily mines and sells precious metals, is developing its new product PayAABB, a digital crypto payment platform that will help facilitate the expanding financial options brought about by the rise of transactions in alternate currencies. The Gateway Integrating AABB’s Crypto Platform PayAABB is a product developed by Asia Broadband as part of its growing integrated crypto platform. A company already strongly established in the physical gold mining industry, Asia Broadband has now established itself in the crypto market. Over a year ago it launched its own crypto wallet — the AABB Wallet — to privately and securely store and transfer crypto. Other crypto platforms offering wallet options include those from Coinbase Global Inc. (NASDAQ: COIN) and Exodus Movement Inc. (OTC: EXOD). Concurrently with the wallet, it created the AABB Gold Token, gold-backed, mine-to-token crypto that seeks to bring gold into the crypto future while providing crypto, a notoriously volatile commodity, with the stability of gold by tying the minimum token value to the price of bullion. In January, it initiated a cryptocurrency exchange, the AABB Exchange, where crypto can be privately and securely traded. Asia Broadband describes its new product as engaging with the “future of payments.” Almost a quarter of small to medium-sized businesses (SMBs) now accept or are looking to accept crypto payments, according to a new survey, and this is part of a significant trend toward the digitalization of currency and payment. Asia Broadband is leading the charge into this new payment domain with its upcoming product PayAABB. As Asia Broadband’s next step in its integrated crypto platform, PayAABB is a digital means for customers to pay businesses in crypto. Available both on and offline, when launched the PayAABB gateway will sync all of Asia Broadband’s crypto products into a unified whole. Payments can be made in over 400 cryptocurrencies, and by using an automatic transfer through the AABB Exchange system, businesses will be able to accept payment as one stablecoin. PayAABB will offer customers significant payment flexibility. Payments can be made in a variety of ways, including over email or text messaging or QR code as well as through a social messenger or e-commerce site. The gateway will also be an attractive option for businesses, as it has no third-party fee, includes a high level of security including Google Authenticator and Secure Sockets Layer (SSL) certificate for encrypted transactions and features essentially irreversible transactions. PayAABB will also bolster Asia Broadband’s existing crypto products. It will expand options for the AABB Wallet, as the wallet is soon to include a merchant application program interface (API) for sellers. This will allow merchants to make business-to-customer (B2C) and business-to-business (B2B) transactions as well as set up loyalty programs and other initiatives that maximize crypto accessibility. Additionally, the payment gateway will increase the versatility of AABBs Exchange, which recently became newly available as a mobile app. Asia Broadband announced that AABB Exchange will be part of an exciting initiative to enter the non-fungible token (NFT) market with its proprietary digital products becoming adapted to NFT transactions, a market currently worth $40 billion. Asia Broadband’s suite of gold and crypto products are part of the company vision that ambitiously seeks “complete independence from fiat currency.” The company hopes the PayAABB gateway, when launched, will bring the company closer to this goal. To learn more about Asia Broadband, visit its website. To learn more about PayAABB, click here. Asia Broadband, Inc. (OTC: AABB), is a high-margin resource company focused on the production, supply, and sale of precious and base metals to primarily Asian markets. Through its subsidiary, Asia Metals Inc., Asia Broadband focuses on the acquisition of highly prospective gold projects in well-established mining camps around Mexico.The Companyâs extensive industry contacts and experience facilitate an innovative distribution from the production and supply to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Investor Relations ir@asiabroadbandinc.com Company Website https://aabbgoldtoken.com/

September 02, 2022 08:00 AM Eastern Daylight Time

Video

PostEx, Pakistan’s leading fintech acquires Call Courier becoming the largest e-commerce service provider

PostEx

Pakistan’s ecommerce sector is set to hit $12B by 2025 as adoption and growth scales. In propelling this growth PostEx, Pakistan’s leading fintech, is today announcing it has completed the acquisition of Call Courier, a logistics service provider; to expand its logistics offering making it the largest e-commerce service provider in the country. This transaction brings together PostEx’s upfront payments, revenue-based financing, and technology with Call Courier's nationwide logistics infrastructure. Following the transaction, PostEx will now service 1.3m users with over 8,000 merchants across 500 cities in Pakistan, on track to becoming the largest fintech in Pakistan with a monthly loan book crossing $12m. PostEx becomes the first company in the region to provide receivables factoring & logistics service that pays invoice values upfront to e-commerce companies; helping e-commerce sellers and SMEs to thrive, grow, and take full advantage of every opportunity that comes their way. PostEx, backed by leading investors that include Zayn,MSA, GFC, RTP, FJ Labs, Shorooq, VSQ, and others having raised $8.6 seed round - one of the largest for a Pakistani startup. Call Courier will be a wholly owned subsidiary under the group name. PostEx welcomes Jawad Mirza, founder and CEO of Call Courier to its Board of Directors who will continue to play an integral role in the business while leading the logistics business. Omer Khan, the founder & CEO of PostEx commented: “Banks just don't lend enough to businesses leaving so many of them struggling to maintain their working capital in light of inadequate cash flows. Cash on delivery, while being a problem for such businesses, is very much a reality of the Pakistani ecosystem and is not going away any time soon. The concept behind PostEx was to facilitate all players in the ecommerce sector struggling to operate and expand in light of the restrictions around access to capital and inefficiencies of logistics. The acquisition of Call Courier enables us to increase our reach and benefit from the great business and team Jawad Mirza has managed to grow over the years.” Call Courier’s strong presence in Pakistan complements PostEx’s vision and nationwide footprint. This strategic decision brings PostEx’s total presence to over 500 cities; serving up to 1.3 million people monthly across Pakistan as the transaction enables both companies to leverage each other’s technological and operational expertise. Jawad Mirza, the founder & CEO of Call Courier commented: “Having more than 2 decades worth of experience in the logistcs and last mile delivery industry has given us an understanding of not only bulk mail but also ecommerce, cash on delivery and the needs of the sector. With this acquisition, it is time for us to venture into new horizons, accept new challenges, and continue to grow. Call courier network joining together with PostEx's fintech capabilities will enable us to provide quality deliveries across Pakistan along with financial support to the sector. It gives me immense pleasure to serve existing and new customers and providing a one window solution for their needs.” Over 90% of ecommerce transactions are completed in cash, which represents almost $6.5bn. The majority of the consumers who shop online in Pakistan pay using the cash-on-delivery payment method and the payment cycles for such orders range between a week to a month which creates cash flow issues for online sellers. PostEx is solving these challenges with its fintech and logistics platform. In addition to cash-on-delivery, PostEx also offers Revenue Based Financing to provide easy access to capital making it the first and last source of non-dilutive financing for e-commerce. Senator Dr. Afnan Ullah Khan, Member of Prime Ministers IT Task Force Committee commented: "Consolidation and growing together is important at this juncture for our nascent ecosystem. This acquisition shows the importance of close collaboration between fintech and logistics highlighting the importance of access to capital. This acquisition makes PostEx the largest ecommerce service provider in the market, showing the potential of startups for challenging incumbents. It's refreshing to see new solutions to old problems." AUC Law, Salahuddin, Saif & Aslam Co. and MHBWHB Law Associates were the legal advisors for the transaction. About PostEx Founded in 2020, PostEx is a hybrid of receivables factoring solution and courier service that pays invoice values upfront to e-commerce companies offering Cash on Delivery as one of their modes of payment. PostEx is also offering free of charge delivery service to its clients. For more information please visit https://www.postex.pk/ Contact Details PostEx Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.postex.pk/

August 30, 2022 10:00 AM Eastern Daylight Time

Image

OTC: $PKANF. TSX: $SBBC.V Don't Miss This Interview With Kathy Casey, CEO, Simply Better Brands Corp.

Simply Better Brands

Contact Details Investor Relations ir@simplybetterbrands.com Company Website http://www.simplybetterbrands.com

August 29, 2022 08:54 AM Eastern Daylight Time

Video

Minuteman Press Franchise in Swindon, England Reopens Doors After Flooding and Fire

Minuteman Press International Inc

Minuteman Press in Swindon, England has reopened its physical location at 19-21 Newport Street (Ground Floor – Newport House). After suffering water damage from flooding in July of 2021 and electrical fire damage in October of 2021, owner James Beckwith and his team continued to operate and serve clients as repairs were being made. James shares, “The community has been fantastic, we officially remained open the whole time taking orders from the website and emails, as well as keeping our phone lines open. We have had nothing but positive comments and folks telling us they are so happy we are back open. Some customers have commented that though they had to go elsewhere for a time, the quality of the print and the quality of the service just didn’t compare to what they received when working with us.” During this critical time and leading to the reopening of their facility, James was grateful to be part of the Minuteman Press franchise family, who stepped in and provided crucial support in many areas. James says, “Mark Jones (UK South Regional VP) and Richard Myers (local field rep) and Duncan Diesel (at MPIHQ) have been invaluable to us. I routinely spoke with Duncan on equipment decisions when ours was being replaced as well as marketing ideas and technical help with Minuteman Press FLEX software and the new website. Richard has been out to see us during the time we had no premises to work up a plan once we were back open and he has been out since opening to assist with production processes and marketing ideas. Mark Jones was always at the end of the phone if we needed advice on anything. He was very key in us making the decision to stay in our current premises when we were investigating moving locations.” Being part of the Minuteman Press system also enabled James to receive vital support from choice vendors like Xerox. James states, “I want to particularly give a shout out to Xerox. They were amazing throughout the entire process. The Xerox kit was always the most expensive shop item and there were lots of negotiations on price to replace the two Versants that were damaged. They ultimately gave us the opportunity to acquire the Xerox Iridesse and offline booklet maker to match the requirements from the two previous Versants while keeping the insurance company happy on cost. Xerox also gave me near free reign of their Uxbridge HQ where I was allowed to run one particular job on their presses every month for six or seven months.” Today, with the repairs finished, new equipment in place and new signage installed, James is excited about the upgrades that have been made to the business. He says, “Our offices and production area have been refurbished, and we can now provide more services than before.” James continues, “We now have totally new kit, and because it is so versatile, we can offer more options than before, with an even faster turnaround. The new Xerox Iridesse is a full production press allowing us more and faster capabilities as well as improved image quality over our previous presses.” He adds, “Even our booklet-making capacity has improved. Whereas before, making a large number of booklets could take several hours, we can now produce up to 3,000 booklets in an hour.” James further explains the benefits of the new equipment installed at Minuteman Press in Swindon: “The Iridesse is absolutely amazing. The image quality is second to none. The job that I would run at Xerox HQ was a monthly magazine run for a local village. 1050 copies, ranging from 20 – 32 pages each month. On our Versants, the job would take 6 – 8 hours. Now the entire job takes us about 2 hours!” We were able to update our Duplo 615 to the 618 and that piece of kit is a dream. Touch screen, easy to configure and very dependable. We replaced our SureColour T5200 with the same model, however now we have the large format scanner which was one area we were sorely lacking. Customers would routinely come in with paper plans looking to get copies or scans and we would have to turn them away, now we can handle the full job for them. We replaced our HP Latex 330 with the Latex 335 that has the Print & Cut feature. We couldn’t be happier with the decision. We are still getting our feet wet with the Print & Cut, but so far we are producing work on all the new kit.” Minuteman Press in Swindon also plans to re-add dye sublimation and add a self-service area for walk-in customers who need a simple print job. James says, “This is really ideal if someone wants a return label printed, for example. We always offered this kind of service for customers, but soon they will be able to do it on a DIY basis.” James concludes, “We are happy to be back in our new and improved facility, and we are excited to continue to welcome back our clients. We are so thankful for them and all of the help we’ve received from our community and MPIHQ, and now we are ready to serve our clients better than ever before.” For more information about Minuteman Press in Swindon, visit https://minuteman.com/uk/locations/england/swindon/ To learn more about #1 rated Minuteman Press franchise opportunities and to see Minuteman Press franchise reviews, visit https://minutemanpressfranchise.co.uk or https://minutemanpressfranchise.com Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

August 26, 2022 05:00 AM Eastern Daylight Time

Image

Back to School Tech

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

August 19, 2022 08:40 AM Eastern Daylight Time

Video

Dukkantek seals $10m funding round as it scales digital ecosystem for SMB retail sector in MENA

Dukkantek

Store management platform Dukkantek has quickly scaled across the MENA region as SMB retailers adopted their tech for customer services, business processes and faster growth. In supporting this growth, Dukkantek is today announcing an oversubscribed $10m pre-series A funding round as it powers the digital ecosystem for 13 million SMB retailers across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia as it looks for more opportunities in North Africa. The funding round was led by BECO with significant participation from Rocketship and Colle Capital. Other strategic investors in the round included Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital. The funding round follows their $5.2m seed round in October 2021, taking their total funds raised to $15.2m. Dukkantek was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi and Shadi Joulani. Originally conceived as a service aimed at retailers in the grocery sector, the merchants on the platform now span 70 different verticals, with clothing and electricals particularly prominent alongside food and drink. It has already attracted more than thousands of customers for its suite of services empowering traditional merchants with end-to-end digital technology that improves all business processes. It enables these retailers to run their bricks and mortar stores more efficiently and productively and to make the leap into ecommerce. Dukkantek co-founder Sanad Yaghi commented: “For too long, the owners of small and medium-sized businesses have been left on the margins of the technology shift; now we are serving their unmet needs. We bring a technology platform consisting of three different value propositions that enable these merchants to compete in a digital world” “This includes a set of tools that enables merchants to run their businesses more effectively. Payments options ensure merchants can offer customers more choice about how to settle their bills. And an e-commerce offering which gives merchants everything they need to start selling online for the first time and to manage that operation in tandem with the brick-and-mortar business. Many merchants struggle to keep track of inventory when selling both online and in physical stores, so having one system that incorporates both parts of the business is very important”. The coronavirus pandemic hastened digital adoption in the MENA region, leading to an increase in online shopping, in particular. The region's e-commerce market is expected to reach $49 billion in 2025, up almost 55 per cent from 2021, a report by EZDubai, an e-commerce zone in Dubai, and Euromonitor International showed earlier this year. The UAE’s e-commerce market alone is forecast to grow 60 per cent to more than $8bn by 2025 from 2021. Community retailers in the UAE without a digital presence, who were unable to accept online payments during the pandemic, were severely affected due to the drop in customer footfall. Dukkantek believes that traditional merchants and small and medium enterprises (SMEs) remain the backbone of the global economy, and their transactions should be digitized to keep pace with market developments. And to this end they platform provides: Cloud POS: The Cloud POS is a Point-of-Sales system that can be accessed online, from anywhere. It allows businesses to keep track of transactions & sales, calculate VAT, generate reports and calculate profit margin. Inventory Management: The Cloud IM is an online software that helps businesses track, manage & organize the inventory. It allows users to keep track of stock, measure stock value, manage fast-moving products and generate reports for analysis. Payment Options: The platform offers a variety of payment options including cash, card payments or credit payments. Reports can be generated to track payments. E-Commerce: The e-commerce functionality allows stores to sell their goods online or through an app. One of its features includes live inventory, as it’s linked to the IM & POS software. Another feature is that stores can choose what items to put online and their corresponding prices. Moreover, it sends push notifications to customers. Companion App: The companion app is a mobile application that helps manage the store online. Its features include: Automated Inventory Reconciliation, live store data, linked to IM & POS, ability to track daily sales on the dashboard, ability to review all transactions, and track cash movements and payment methods. "It's very rare to come across a business and team that have been able to execute the way in which Dukkantek has done so far. Launching 7 countries in 18 short months since founding is no easy feat, yet the Dukkantek team has managed to do it in such a seamless and capital efficient manner. We are very excited to partner with Sanad, Ali and the wider team as they look to build on their exciting traction and overall vision of digitizing merchants." said Abdulaziz Shikh Al Sagha from BECO Capital Having met its geographical expansion goals, Dukkantek’s focus will now turn to adding new services. In particular, exploring working capital solutions and building its data analytics capabilities for users. “We have seen an increase in users accessing analytics tools on the platform which, for example, help them understand which products will sell best. Three-quarters of the businesses on the platform are now trading in this way. Also, many merchants are keen to expand the number of stores they operate, but are held back by the lack of finance available in the region which we can look to explore” added Sanad Yaghi. About Dukkantek Founded in January 2021, Dukkantek is the UAE’s first and only revolutionary store management platform that enables traditional merchants to compete equally in an evolving digital world, and further empower their retail capacity. Redefining the conventional way of managing tasks and sales, the innovative platform aims to strengthen local community stores and power digital transformations with end-to-end technology that enhances and streamlines all business processes, enabling them to compete with dark stores and delivery players. Dukkantek is the technology partner for all local community stores in the region. For more information please visit https://www.dukkantek.com Contact Details Dukkantek Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.dukkantek.com/

August 19, 2022 07:00 AM Eastern Daylight Time

Image

1 ... 60 61 62 63 64 ... 94