Interviews, insight & analysis on digital media & marketing

The ECA news round-up with GoKwik, Productsup, Computop and more

E-commerce enablement solution GoKwik has announced its $5.5M pre-series A funding round to expand internationally and push product development. GoKwik is on a mission to ‘democratize’ the shopping experience and provide a level playing field for D2C and e-commerce players.  Low conversion rates, return to origin (RTO), and a lack of personalization are common struggles for smaller online retailers as they attempt to compete with bigger and more established firms. GoKwik considers itself an e-commerce enablement company, using AI/ML technologies to solve these hard-hitting problems. The funding will enable GoKwik to launch in the MENA and SEA markets and hire more tech talent on their mission to build an equal playing field for all D2C and e-commerce organisations.

Productsup, the commerce data integration company, has announced the launch of a new platform to combat commerce anarchy – a term Productsup coined to describe the struggle companies face managing the increasingly complex paths between products, services, and consumers. The Productsup Platform provides a single solution to effectively manage product information value chains and their constant feedback loops, enabling manufacturers, brands, retailers, and service providers to turn complexity and constant change to their advantage. Using Productsup, Chief Digital Officers and their teams can take ownership, without coding, but with full data transparency and compliance across all value chains.

Computop, the global payment service provider, and empiriecom, a specialist in e-commerce platform solutions have announced a closer cooperation. With the cooperation now agreed, the partners are preparing for the integration of payment services that will relieve merchants of the regulatory requirements that typically arise during payment processes in online marketplaces. Together, Computop and empiriecom combine one of the leading e-commerce shop systems with a versatile payment solution including additional services such as accounts receivable management. This complete marketplace solution will be available for all e-commerce channels (web, mobile, app) as well as for stationary trade or sales via call centres. The needs of B2B and B2C providers are also addressed.

InPost S.A. has reported 54% year on year revenue growth in Q2 2021, with continued adjusted EBITDA margin expansion and improvement in cash conversion. Rafal Brzoska, Group Chief Executive Officer of InPost commented, “following our exceptionally strong start to 2021, InPost had another great quarter in Q2. Following the unprecedented growth we saw in Q2 last year, we continued to outgrow the market, delivering 30% year-on-year revenue growth, expanded our margins and accelerated our progress on key initiatives to support our pan-European growth strategy.”

Prior to its summer 2021 launch, Zeni raised over £400,000 in seed capital from notable investors and travel sector titans Stuart Ellis (Total Stay) and Stuart Nassos (Total Stay, Web Beds), real estate developer Wavensmere Homes and former Barclays Wealth and JP Morgan Managing Director, Ravi Bulchandani. With this backing Zeni has realised over 6x growth, selling over 90,000 room nights in 2021, having generated over £2.5m in revenue from July to mid-September. The team forecasts similar growth for 2022 and plans to formally launch a 4-star range in Q1 2022, which it has been trialling this year with over 100 apartments in 6 UK cities with great success.