Shoppable Business, a supply chain tech company from the Philippines, has raised $1.16 million in seed funding to grow and improve its supply chain platform.
The funding round was led by Ignite House of Innovation, with support from Tenco Capital, Indelible Ventures, ApolloTech Ventures, Manila Angel Investors Network, Seaborne Capital Partners, Select Ventures Holding, and other angel investors.
With this money, Shoppable Business will continue developing its AI-powered platform, Quotable, which helps businesses automate important supply chain tasks and make better decisions using data.
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Shoppable Business is working on expanding its customer base, improving its marketplace technology, and creating a lending dashboard so its lender partners can directly fund buyers and suppliers. They are also offering their AI-powered software, Quotable, for free to micro, small, and medium businesses (MSMEs) to strengthen their presence in the market.
Sam Blanquera, Chief Operating Officer of Shoppable said, “We built Shoppable to simplify business to business (B2B) transactions, and Quotable is the next evolution of that vision, This funding will help us bring powerful automation tools to more businesses, especially MSMEs who need it the most, By making supply chains more efficient and connected, we’re not just solving procurement problems — we’re helping businesses grow and thrive in the digital economy,”.
Carlo Silva, Chief Executive Officer of Shoppable, said ” the firm understands how frustrating it is to do everything manually through spreadsheets, which is why it decided to build Quotable. Quotable was originally built for our own problems, but our suppliers and buyers had the same problems too, By reducing manual inefficiencies and improving data accuracy, we empower businesses to scale faster and operate with greater agility in an increasingly complex supply chain landscape like the Philippines,”.
Mark Reyes, Chief Business Officer of Shoppable, said “that in order for the firm to compete globally, it needs to digitize how it does things. Shoppable is transforming B2B procurement and supply chain operations by equipping businesses both Enterprise and MSMEs with the right tech because we believe that technology is a great equalizer, This funding is accelerating our mission, allowing us to drive efficiency, transparency and growth for businesses of all sizes,”.
About Shoppable Business
Shoppable, founded in 2022, is creating an AI-powered platform and a managed B2B marketplace. The company is helping businesses solve supply chain problems by making it simpler to buy and supply products through a single supplier in their marketplace.
