HomefundingSellfy Raises Seed Funding

Sellfy Raises Seed Funding

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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.

FinSMEs

20/06/2012