Zencargo Announced Over $4m in Funding Raised

Zencargo Announced Over $4m in Funding Raised

Zencargo announced that its seed plus round, led by LocalGlobe, with participation from Samos Investments and Picus Capital has brought total funding raised to over $4 million.

Companies can digitise their supply chain through Zencargo completely free. Zencargo’s customers utilise its Virtual Local Offices to gain visibility during production around the world, as well as to gain business insights, improve efficiency and save money. All these services offer the quality of digital experience that customers have come to expect from consumer technology.

Customers, such as wearable technology giant Catapult and market-leading mattress-in-a-box brand Simba, use Zencargo’s digital platform for real-time supply chain feedback. The features and functionality have helped Catapult to expand its supply chain to over 50 countries, with 98% of all shipments arriving on time.

“Working with Zencargo helped us digitise our complete shipping operation overnight. Their technology acts like an extension of our team; helping to increase visibility into our supply chain, minimising the amount of admin and communication required and allowing us to focus on developing and improving the way we operate rather than continually chasing it,” said Tom Hook, Supply Chain and Operations Manager at Catapult.

“Our mission is to simplify and automate international trade, making it easier for all companies to access high quality services in what has traditionally been a relationships-centred industry,” said Richard Fattal, Chief Commercial Officer. “The supply chain visibility we provide is still very new in this sector and would have been an enormous help to me when I was working as a trader,” he added.

The average company with 10 shipments a month can save 40 hours in admin time and costs – a full working week – every month by using Zencargo’s platform. The company cuts admin time by providing a central workspace, which pulls supply chain data from different systems and parties and displays it together in one place. This saves agents having to funnel information across email chains and shared spreadsheets.

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