The startup offers an invite-only watch trading platform that integrates secure transaction features such as private group chats, auctions, inventory management, and payment services. This platform addresses the need for safe and efficient trading among international watch traders, ensuring secure transactions and streamlined communication.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
International watch traders often rely on generic chat platforms and fragmented tools, leading to inefficiencies in communication, inventory management, and secure transactions. Existing solutions lack industry-specific features and integrated services, increasing the risk of fraud and payment delays.
Solution
Mazall provides a private, invite-only platform designed specifically for international watch traders, integrating secure communication and transaction features into a single application. The platform replaces general-purpose chat apps with a robust solution that streamlines group chats, timed-live auctions, and inventory tracking. Mazall also incorporates invoicing, insurance, shipping, and payment processing, creating an end-to-end ecosystem for managing a watch trading business. By integrating these services, Mazall aims to reduce transaction times, enhance security, and improve overall efficiency for its users.
Target Audience
The primary target audience includes international watch traders, wholesale jewelry group members, and licensed pawnbrokers seeking a secure and efficient platform for trading and managing luxury timepieces.
Features
- Private, invite-only group chats with no member limits
- Scheduled timed-live auction capabilities with automated invoicing and billing
- Inventory management system with serial number, reference number, and image uploads
- Integrated invoicing software for creating invoices on the go
- Insurance API integration with Malca-Amit for direct label printing
- Shipping integrations with FedEx, UPS, and DHL for shipment tracking
- Global bank payment processor integration for real-time money transfers in over 190 markets
- User reputation scoring based on transaction history
- "Want to Buy" call-out broadcasts to multiple private groups
- NFT authentication for each inventory item to verify ownership and transaction history