YC-backed Eze raises new capital for its secondhand electronics marketplace

YC-backed Eze raises new capital for its secondhand electronics marketplace

#consumer markets
#funding
#b2b
Eze, a B2B marketplace that connects global electronic wholesalers allowing them to trade devices in large quantities with real-time market data, has raised $3.7 million in an oversubscribed seed round.

Eze, a B2B marketplace connecting global electronic wholesalers, has raised $3.7 million in a seed funding round. The platform allows distributors and retail stores to trade used smartphones and other electronics in large quantities, providing real-time market data and streamlining the trading process. Eze aims to formalize trade in markets like Lagos' Computer Village in Nigeria by connecting retailers and distributors with telecom companies and electronics wholesalers. The platform ensures quality control through a standardized grading process and offers a 30-day warranty on products. Eze also acts as an intermediary, offering competitive pricing, global payment support, financing, and automated logistics. The company plans to expand its services globally and has already facilitated the sale of over 500,000 devices since its launch in 2021. The seed round was oversubscribed and included investors such as Y Combinator and C2 Ventures. Eze is also introducing a fintech product called Eze Capital, which allows businesses to fund their purchases or finance inventory and operations.


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