Dowsure has reached the milestone of 1.5 billion RMB in transactions

Dowsure, a cross-border e-commerce digital API platform, has reached the 1.5 billion RMB important milestone in the transaction, just over two months after the 1 billion RMB Important step.

Shenzhen, China, September 28, 2022 /PRNewswire/ — The cross-border e-commerce market has grown rapidly in recent yearsbut cross-border e-merchants have always faced a major problem: lack of capital. From the purchase of goods, logistics, transport and customs clearance to payment received, there is at least three months of delay in terms of cash flow. For example, China’s cross-border B2C export market is estimated at $2 trillion, which means $500 billion of capital is locked in transit for three months. This will result in a large number of funds that will not be available to traders quickly. Thus, Dowsure decided to solve these problems. The company has integrated the cross-border transaction chain through the ability of API technology and realized the low-cost capital irrigation of banks, to cover millions of cross-border traders in China with universal benefits.

1. Understand ToB Cross-border traders

Dowsure has been in the “cross border” business since its inception. In 2016, Dowsure joined forces with its partners to create the first product covering cross-border insurance business. After years of cross-border cultivation, Dowsure clearly understands the needs and pain points of cross-border e-commerce merchants.

Based on sellers’ demand for high credit limits and a fully online application process, in June 2021, Dowsure authorized Pudong Development Bank to launch the “cross-border commercial loan” product through the cross-border financial cloud. The “520” benchmark for cross-border e-commerce finance products means “5 minutes to apply, 2 minutes to approve, 0 seconds to disburse funds”. This product has benefited a large number of cross-border e-commerce merchants.

Meanwhile, based on Dowsure’s reputation and prospects in the cross-border industry, it has attracted a large number of outstanding talents to join, with management team members from IBM, Ping An Insurance , Bank of ChinaAnt Group, Ernst & Young, DJI and other fields.

2. Accurate positioning

Cross-border industry information is highly fragmented, creating an information gap between countries.

Cross-border e-commerce platforms believe that localization is the key to supporting the development of merchants, and local banking institutions should form a relatively closed loop of information flow, capital flow, logistics, etc. to better serve the market. merchants. This is the area in which Dowsure is professionalizing, connecting digital information and finance, linking them very strongly, connecting cross-border industry and unlocking the digital value of every cross-border business through the capabilities of API technology.

3. Thorough understanding of the industry

In this industry, with continued in-depth exploration, Dowsure realizes that the industry lacks capital support not only for traders, but also for the entire supply chain, including service providers.

Based on this, Dowsure partners with financial institutions to provide cross-border traders credits, installments, cash advances and other financing solutions. Dowsure also provides a full range of financial support ranging from sourcing, logistics, advertising, sales and other cross-border scenarios to help merchants gain an edge in the competitive market.

4. Trust of partners

Along the way, through continuous refinement, trust and understanding of Dowsure’s partner, such as the major cross-border e-commerce marketplaces: Amazon, eBay and Shopee, as well as the top 10 banks of China and around the world. Dowsure is excited about the bright future of the cross-border e-commerce industry.

Huang Kethe co-founder of Dowsure, said: “From the beginning, we did the hard but right thing. Our partner institutions have mature systems globally, and it is very challenging to link their systems and data in a compliant and compliant manner. We appreciate the trust of our partners and want to penetrate all areas of cross-border ecology with our partners so that we can enjoy growth together with partners.

(Future – Digital finance as well as cross-border e-commerce is the norm)

Unlike traditional finance, the amount of funds that can be raised mainly depends on the ratio of collateral, collateral, ownership, assets and liabilities. In cross-border e-commerce scenarios, all assets flow digitally, such as overseas warehouse inventory, unsettled platform funds, and merchandise returns.

Once the closed loop is formed, traders can obtain realizable digital assets and create value for those digital assets. At the same time, the technology iterates. What we want to do is unlock the value of sellers’ digital assets. The existence of digital finance will become a new normal without which cross-border e-commerce cannot survive and a huge boost to fuel the development of the industry.

Dowsure Hits RMB 1.5 Billion Transaction Milestone

Copyright © acrofan All rights reserved

Comments are closed.