ⓘ Featured image: From left – Spotii co-founders, Ziyaad Ahmed and and Anuscha Iqbal; with Pali Banwait, Co-founder of WeMENA
The online B2B e-commerce marketplace that servers across the whole MENA region has entered into a partnership with ‘buy-now pay later’ startup Spotii to scale their offering deeper across the whole MENA region. WeMENA is projecting the launch of the first-to-market offering with Spotii that will spread over four cost-free payments.
The e-commerce marketplace for wholesalers that offers over 25,000 products to wholesalers through its free-to-use online catalogue is helping SMEs thrive in the pandemic with the chance to spread purchases over instalments with no interest, no cost, and no catch.
Commenting on the development, Pali Banwait, co-founder of WeMENA in a statement said,
“We immediately saw synergies with Spotii, and were keen to work with them to provide another advantage for our ever-growing customer base. Spotii’s trustworthy, reliable and innovative payment mechanism helps WeMENA in our mission to help the local SME market, by allowing them a less stressful way to maintain stock without the worry of the sometimes crippling initial outlay. We applaud the Spotii team for seamlessly integrating their fantastic concept with ours – this is truly a partnership made to benefit everyone, at a time when it’s most needed.”
Commenting over the development, Anuscha Iqbal, co-founder and CEO of Spotii, in a statement said,
“WeMENA provides a unique value proposition to SMEs. We are thrilled to be partnering with them to enhance the offering. By allowing WeMENA’s clients to Shop Now and Pay Later, Spotii is providing small retailers with the ability to better manage their cash flow during these uncertain times.”
Ziyaad Ahmed, co-founder and COO/CFO of Spotii added,
“The partnership with WeMENA is very natural, as we share their commitment to supporting local SMEs. Spotii was born out of a desire to accelerate and enhance the online ecosystem. Providing truly cost-free instalment programmes helps reduce online payment friction and support buyers. This partnership allows Spotii to provide WeMENA’s clients with deeper capabilities to move inventory faster and more efficiently, extending our support to the local SME community.”
WeMENA removes trading risks for sellers by providing instant access to over 1,000 buyers across the region and handling delivery and customer service. Spotii’s ‘Shop Now, Pay Later’ concept and trade credit facilities will further ease the burden of the current situation for SMEs. Spotii has recently raised funding from Daman Investments too.