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Enabling Small Businesses via Technology201-500 Employees
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Enabling Small Businesses via Technology
About ShopUp

ShopUp is the leading social commerce platform that helps micro-entrepreneurs in Bangladesh to set up storefront, source products, access working capital and grow their business by automating many sales and operational processes. ShopUp currently has over 1 Lakh micro and small businesses on the platform. ShopUp is funded by marquee investors like Sequoia, Flourish and Gates Foundation.

ShopUp, which was set up in 2016 by Afeef, Siffat and Ataur also counts Sujayath/Navaneeth as cofounders, who previously started and exited Voonik.com.

ShopUp provides a range of sales and trade management tools to entrepreneurs, including product sourcing, order management, digital payment acceptance and a catalogue, cart and checkout system they use either on their Facebook page or through Messenger. ShopUp also provides worldwide shipping solutions through local and global logistics partners, and access to working capital through partnerships with SMB financial institutions and BRAC, one of the largest microfinance institutions in the world. ShopUp uses a proprietary algorithm that analyzes over 2,000 data features to assess a merchant’s capital requirements and repayment capacity, then refers them to partner institutions for loans. By automating the credit assessment and management process, ShopUp has improved merchant’s access to capital and the speed of loan disbursement, while cutting the cost of lending borne by partner financial institutions by over 70%.

Frontend web developer

Bengaluru
No equity
Jayashree Kanthavel
Avatar for Jayashree Kanthavel