Sellfy Raises Seed Funding
Sellfy, a Riga, Latvia-based e-commerce platform that enables users to sell digital products directly to their fans and followers on Facebook, Twitter or their own website, has raised a seed funding of undisclosed amount.
Backers include a group of angel investors including Toivo Annus, Sten Tamkivi, as well as several telco executives from a Spanish cable operator.
The company intends to use the funding to grow its platform.
Founded by Maris Dagis, Sellfy allows users sells digital products including an e-book, music, video, photos, software, or any other type of digital content, on Twitter, Facebook or your own website. The service takes care of file storage, payment processing and product delivery to the end customer taking 5% commission fee from every purchase. The company has also released affiliate program, a promotional layer for its merchants allowing fans to earn affiliate commissions or receive discounts in exchange of product recommendation.
Sellfy already works with more than 3,000 merchants around the world.