BILLZ announced that it has raised a new round of funding from international institutional investors. The round was led by venture capital firm Quest Ventures and included participation from Sturgeon Capital, a London-based VC fund that invests in emerging markets.
BILLZ is a retail management software powered with POS, inventory management, CRM, e-commerce and analytics for small and medium-sized businesses. It helps to save time on daily retail operations and sell more by using marketing tools and analytics. Additionally, it helps to integrate the products with marketplaces, Facebook & Instagram shops to sell their products online.
BILLZ is already used by more than 800 retail locations in Uzbekistan, Kazakhstan, Kyrgyzstan, and, Tajikistan. The team is planning to continue satisfying its customers by developing new products and features.
“BILLZ is a great example of how digitalization and automation in retail can be improved at scale. It empowers employees to focus on more value-added functions, increases efficiency, and uplifts employability,” said Mr James Tan, Managing Partner of Quest Ventures, who will join the board of directors of BILLZ.