Zax is a wholesale trade platform that connects small and medium-sized businesses in Latin America directly with over 1,000 manufacturers, eliminating the need for physical travel and ensuring secure transactions. The platform simplifies the procurement process by offering flexible payment options, enabling businesses to efficiently source products at competitive prices.
Funding
$8.1M 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
Small and medium-sized businesses (SMBs) in Latin America often face challenges in sourcing products directly from manufacturers due to geographical barriers and the complexities of international trade. This can lead to reliance on intermediaries, increased costs, and limited access to a wide range of products.
Solution
Zax is a B2B wholesale marketplace that directly connects SMB retailers in Latin America with manufacturers, primarily in the apparel and accessories space. The platform streamlines the procurement process, allowing businesses to source products without the need for physical travel. Zax offers a secure transaction environment and flexible payment options, enabling businesses to efficiently discover and purchase goods at competitive prices. By eliminating intermediaries, Zax aims to reduce costs and expand product selection for its users.
Target Audience
The primary target audience is small and medium-sized retailers in Latin America looking to source products directly from manufacturers.
Features
- Direct connection to over 1,000 manufacturers, primarily in Brazil.
- Product categories include apparel (dresses, shirts, jeans, plus sizes, fitness), bags, and accessories.
- Search functionality with trending categories.
- Secure payment processing.
- Flexible payment options, including installment plans.