25 September 2018
Yakkyo, the Amazon for business dedicated to SMEs that want to buy from China, celebrates two years and shares its excellent results. The company successfully concluded the campaign, raising 260 thousand euros and reaching 260% overfunding compared to the minimum capital required > discover open campaigns
In 2018, the company had a turnover of over 750 thousand euros, recording a 56% growth compared to last year. Positive results in line with those obtained since its inception: in the first six months of activity, in fact, the company turned over about 400 thousand euros and served 45 clients with a 50% repurchase rate.
"By the end of 2018, we aim to reach 1.5 million in turnover. The successes achieved have led to the growth of our company that employs people in as many as 4 different countries around the world: Italy, China, Taiwan and the Philippines," comments Giovanni Conforti, CEO and Founder of Yakkyo.
The company has grown mainly thanks to the development of an innovative software, Yakkyofy, which, alone, has generated revenues of 500 thousand euros, integrating the functionality already offered by the platform. Yakkyofy responds to the need of e-commerce owners to sell products directly to end users without physically possessing them in their warehouse, a sales model that is increasingly in demand, dropshipping. The results obtained testify to the company's ability to intercept market needs and propose innovative solutions that meet the requirements of its target and allow it to scale the market faster.
Thanks to the services offered, further improved, Yakkyo allows to simplify even morethe process of searching for certified goods coming from authorized producers and solves all the problems related to import such as minimum orders, shipping and customs clearance procedures, currency payments and language barriers. The service also enables purchases at factory prices even for small quantities, with savings of 25% to 80% compared to Chinese distributors such as Alibaba and AliExpress.
We wish the company continued success in achieving milestones such as these that will enable them to innovate and scale an even easier high-growth market.
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crowdfunding services provided by Mamacrowd are not covered by the Deposit Guarantee Scheme established in accordance with Directive 2014/49/EU*; securities and instruments eligible for crowdfunding purposes that can be acquired through this crowdfunding platform are not covered by the Investor Compensation Scheme established in accordance with Directive 97/9/EC**.
* Directive 2014/49/EU of the European Parliament and of the Council on Deposit Guarantee Schemes.
** Directive 97/9/EC of the European Parliament and of the Council on investor-compensation schemes.
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