Mebans.Com Closes $2 Million in Series A Funding From Private Investors

MORRISVILLE, N.C. - Nov. 17, 2017 - PRLog -- Mebans.com announces its plans for expansion, following successful investment fundraising of $2 million generated from eight private investors.
As online growth and omni-channel continues to drive innovation and new options for consumers, retailers are placing greater importance on the fulfilment side of their operations and the role it plays in improving customer satisfaction. The company will use the increase in capital to advance the development of its fulfillment process to improve shipping speeds and along with this reducing the operational costs. Part of the capital will be used to deliver a roll-out to new international markets, significant usability upgrades across all its platforms, including developing those for mobile apps. The money raised will be used to invest in innovative technology which will bring considerable efficiency benefits to customers.
CEO Thomas Hensley said: "The successful fundraising demonstrates investor confidence in the industry, particularly the small online retailers that present high growth potential. Challenging market conditions give greater opportunity for profit and Mebans.com is a highly-scalable, low-risk, low-cost investment opportunity with a lean, online business model and aggressive pricing strategy. It ticked all the investor boxes. This funding not only validates our unique methodology and positions us to expand into new verticals, it also allows us to increase customer satisfaction."
About Mebans.Com
Established in 2015 Mebans.Com is a successful company focused on the distribution of cosmetics, small appliances, watches, toys and tools at competitive prices. The company maintains close contacts to manufacturers and regularly visits its suppliers to carry out quality controls and to look for new, innovative products that it can supply.