Souq.com announces micro-funding opportunities

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Souq.com announces micro-funding opportunities

Souq.com is the first player in the Mena region to open up its API and is committing to foster a dynamic e-commerce ecosystem by announcing the creation of a fund that will provide seed money.

By Staff Report

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Published: Fri 20 Mar 2015, 11:56 PM

Last updated: Fri 26 Jun 2015, 12:21 AM

Dubai — Leading e-commerce marketplace Souq.com has on Thursday released its first API (application programme interface), which will allow third party developers to embed shopping deals in their site or mobile application. Retailers can build their own branded storefront, or merchants manage their listings off the site using the Souq.com platform.

“We have been very successful at building a vertically integrated marketplace where payment, fulfillment and delivery are fully integrated to enable merchants to offer goods for sale to millions of monthly buyers on the platform. We feel it is now time to enable the same set of services off the platform, to grow the penetration of e-commerce at a faster rate ” explains Wisam Daoud, CTO of Souq.com. The API can be integrated on web, mobile web and mobile application platforms and developers can learn more about it at http://developer.souq.com

Souq.com is the first player in the Mena region to open up its API and is committing to foster a dynamic e-commerce ecosystem by announcing the creation of a fund that will provide seed money to teams and individuals building innovative applications on top of Souq.com API.

“We are keen to fund the development of a community of start-ups, application developers and service providers that will help grow e-commerce in the region,” comments Ronaldo Mouchawar, Co-Founder and CEO of the company.

— business@khaleejtimes.com



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