August 31

Devolut Raises USD $600,000 in Pre-Seed Round to Optimize Returns in Latin American E-Commerce

By Jose Pulido

Devolut, a startup focused on streamlining the returns process for online sellers in Latin America, has secured USD $600,000 in a pre-seed financing round. Various investment firms, including Seedstars International Ventures and FJ Labs, back the initiative.

The company aims to simplify returns in the ecommerce sector by eliminating the need for boxes and labels while reducing sellers’ costs. Devolut employs software that automates these tasks and anticipates saving up to 50% in return handling expenses.

Photo courtesy of Fabian Blank.

Source: Contxto (link opens in a new window)

Finance, Technology
artificial intelligence, e-commerce, financial inclusion