Fundz

Kenya-Based Powered By People Gets $5 Million Seed To Scale Operations Of Its Wholesale E-Commerce Platform

PRIVATEMar 21, 2022

Amount Raised

$5 Million

Round Type

Seed

KenyaCommerce and ShoppingFinancial ServicesSoftwareCommerce And Shopping

Description

A wholesale e-commerce platform based in Kenya, Powered by People, has secured $5 million in seed funding to increase its transaction volumes by growing the number of small brands using its B2B online marketplace to reach international buyers.

Quick answer

Powered By People raised $5 Million in a Seed round, dated March 21, 2022. Powered By People is based in Kenya.

How much did Powered By People raise?
Powered By People raised $5 Million in a Seed round on March 21, 2022.
What does Powered By People do?
A wholesale e-commerce platform based in Kenya, Powered by People, has secured $5 million in seed funding to increase its transaction volumes by growing the number of small brands using its B2B online marketplace to..
Where is Powered By People based and how big is it?
Powered By People is based in Kenya.

Source: Fundz verified event record.

Who to call at Powered By People, and when

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Company Information

Company

Powered By People

Location

Kenya

About

A wholesale e-commerce platform based in Kenya, Powered by People, has secured $5 million in seed funding to increase its transaction volumes by growing the number of small brands using its B2B online marketplace to reach international buyers. We are also investing in building our senior leadership.”The startup works with over 200 brands and over 45,000 artisans from 47 countries, who sell to retailers like West Elm and The Citizenry, across major markets including in North America and Asia. We have also introduced them to wholesale, which we think is the best way to source from any country, and make business sense too,”The startup also extends up to 50% advance financing to traders helping them to quickly process customer orders. The startup has already given out $5.8 million in credit to traders and plans to issue an additional $10 million before the end of the year.

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Powered By People raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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