Shopmatic, a Singapore e-commerce SaaS (software-as-a-service) company, has launched business operations designed to help local entrepreneurs go digital, particularly SMEs (small and medium-sized enterprises) and ‘homepreneurs’ (entrepreneurs who work from home).
“The opportunity for local businesses to leverage the online world is immense, and that’s what we want to enable for Singapore. We are looking at the market opportunity through three audience segments — existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and, lastly, the big opportunity that sits with Individual entrepreneurs who have yet to realise the potential of doing business online.
“If we just look at Singapore, SMEs take up 99% of all enterprises in this city-state and there is a significant base of untapped individual entrepreneurs*,” CEO & Co-Founder of the Shopmatic Group, Anurag Avula said.
Where any business can go digital
Shopmatic has an all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free.
“At Shopmatic, we understand that managing payments is one of the biggest challenges for SMEs,” Avula said. “We are delighted to partner with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Singapore. We are focused on helping not only the SMEs and individual entrepreneurs to find their success in the online world, but also to give them global exposure.
“We have no hidden costs and charge just S$38 per month for enabling the entire online ecosystem for our customers. You get four months free if you sign up for our 12-month plan and a month free with our six-month plan. We don’t charge any additional fees per sale made by the customer.”
Shopmatic has also launched services for seven verticals:
• Beauty & Wellness
• Wedding and Events
• Health Services
• Interior Decoration
• Real Estate
This year, the company plans to expand to other parts of Asia such as Hong Kong, the Philippines, Australia, and Indonesia.
Source: TechTrade Asia