US-based E-commerce
E-commerce
How this US-based E-commerce increased sales by 200%
200%
Sales increase
12%
Monthly growth
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Sourcing as a service
BuyHive addresses the growing demand of buyers worldwide for efficient ways of sourcing quality products directly from factories in Asia, by connecting them with sourcing experts.
Born during the pandemic, BuyHive tackled the PPE demand surge with its network of freelance sourcing experts.
BuyHive's rapid success led to overwhelming growth.
With over a 100,000 users, and 5,000 sourcing experts, they were unable to keep up with the growth.
Pandemic practices like upfront cash payments to suppliers also strained their finances.
BuyHive required significant cash flow to handle big purchases while managing ongoing orders, but as a growing company with little assets, they struggled to secure loans from traditional financiers.
Choco Up's flexible financing, perfect for businesses like BuyHive, quickly provided $2.2 million to fulfil large orders without cash flow disruptions.
While traditional financiers may struggle to grasp the needs of businesses like BuyHive, Choco Up was specifically designed to support these businesses.
With the help of Choco Up, we were able to accelerate our cash flow to support our rapid growth
The partnership between Choco Up and BuyHive facilitated the provision of millions of dollars' worth of essential goods for Covid patients globally.
Grow your business with Choco Up
