Martix raises $300,000 so far this year

Martix raises $300,000 so far this year

Jordan-based e-commerce platform Martix, has raised $300,000 from the Innovative Startups and SMEs Fund (ISSF) and UAE-based Select Ventures Holdings.

Founded in 2018 by Subhi Sallam, Martix enables local merchants to sell their products directly to consumers. The startup also offers last-mile delivery as well as digital payment solutions to both sellers and consumers.

400 local merchants are currently listed on Martix, servicing more than 300,000 consumers.

Press release:

The Innovative Startups and SMEs Fund (ISSF) - a Jordan-based investment fund - has announced a direct investment of $150,000 in Martix; a Jordan-based online marketplace platform. The investment was made following an investment round during January 2021, which raised a seed fund of $300,000 together with UAE-based investment management firm; Select Ventures Holdings.

Founded in 2018, Martix enables local merchants to smoothly transition online and strengthen their e-commerce presence by leveraging technology tools and workflows, whilst presenting consumers with an aggregated view of on-boarded stores for a seamless shopping experience that allows them to make purchases from multiple stores via one shopping cart. Martix also lends logistics and digital payment solutions, as well as last-mile service providers that are connected to the platform, to both sellers and consumers.

"With services rapidly shifting online, we are placing