Business Description: CaribShopper (TechStars 2018) serves as an eCommerce fulfilment, logistics and cross-border payments partner for Caribbean manufacturers and merchants of all sizes. CaribShopper's curated marketplace connects $71B USD of international consumer demand with high-quality Caribbean-made products. The Problem: There are more than 11,000 Caribbean manufacturers and merchants with 225,000 products in popular consumer categories. Roughly 80% of Caribbean manufacturers and merchants lack expertise and scale to successfully market, sell and distribute their goods to consumers living outside of the Caribbean to find and purchase these products. This makes it extremely difficult to build successful, scalable business in the Caribbean. Smaller companies and innovative/creative entrepreneurs in particular struggle to gain scale due to lack of exposure to international markets, lack of expertise to manage the complexities of running an eCommerce operation that serves international markets, limited access to investment capital. The CaribShopper Solution: CaribShopper is providing a much-needed solution for those smaller companies in the Caribbean enabling them to easily gain access to international markets, increase their capacity and revenues so they can scale their businesses profitably and improving the socio-economic situation in the Caribbean. For Merchants - We simplify customer acquisition, cross-border payments, and international logistics by "localizing it". And, because we eliminate the myriad of "middlemen" we substantially increase revenue and speed up payments for Merchants. Leveraging our technology, financial, logistics and other key partnerships, we handle all aspects of eCommerce, fulfilment, international logistics and cross-border payments - truly a one stop shop. For Consumers - We make finding, buying and shipping/receiving high-quality Caribbean-made products from a much broader range of merchants and manufacturers hassle-free, secure, and fast. With our extensive knowledge, experience and relationships within the Caribbean market and with our strategic partnerships, no other eCommerce marketplace can offer the selection, convenience and speed of CaribShopper.
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