Industry

FinTech

Company Type

FinTech Merchant Financing Platform

Size

$15 Million

Investment Type

Equity/Convertible Note

For important risk and disclaimer information, Click Here.


Overview


AccrueMe is seeking $15 million to grow its unique eCommerce financial ecosystem that finances Amazon merchant growth through its advanced technology platform.  AccrueMe provides success-based funding to successful growing eCommerce merchants

Provide Amazon Sellers that use Fulfillment by Amazon (FBA) $10,000 to $1,000,000 to accelerate growth with no fees, interest, or loss of equity – merchant’s pay AccrueMe back from a share of incremental profits


Amazon generated $490 billion in US retail sales in 2020 (third-party merchants accounts for 61% of those sales)


AccrueMe capital has grown 100% in the last six months through 100+ initial merchants. Merchant sales during that time totaled $20 million with a run rate of $100 million by Q1 2023


Strong growth is anticipated through organic expansion within Amazon’s FBA and non-FBA segments. Strategic acquisitions and JVs are also planned to optimize capabilities and accelerate growth


Opportunity


AccrueMe’s primary market is Amazon’s third-party sellers which constitute 1.7 million active sellers in the US – 2.5 million globally. The Third-Party marketplace approximates 65% of Amazon’s $469.8 billion in annual sales or approximately $300 billion globally


Marketplaces, including Amazon, eBay, Etsy, Walmart, and Shopify are growing rapidly with total eCommerce sales in 2020 of $4.29 trillion


AccrueMe’s secondary markets will include Walmart with 60,000 merchants, Shopify with 830,000 merchants, eBay (US) 7 million merchants, Etsy 3.7 merchants and many more, totaling 11+ million potential customers


In 2021, 60,000 third-party sellers exceeded $1 million in sales and 76% were profitable. Roughly 3,700 new sellers join Amazon every day


Sellers are earning high ROI but share a common problem – lack of capital to grow


Solution/ Strategy


AccrueMe’s platform provides data driven investment and risk management

Analyzes the inventory of an Amazon merchant in real time through an API to determine profitability and expected turn time on a SKU-by-SKU basis


Day to Day management of capital exposure – not to exceed 50% of seller’s qualified assets


Merchant must be profitable selling via Amazon FBA for 6+months


Management


Eric Kotch – CEO & Co-Founder

Has experience in various entrepreneurial ventures, including mortgage banking, direct response marketing, celebrity wines and microcap finance


A graduate of the Wharton School and Penn Law and a member of the New York State Bar Association

 

 

Ben Kotch – President & Co-Founder

An active Amazon seller and advises thousands of Amazon business owners through affiliation with Algo Online Retail


Responsible for million-dollar Google & Facebook Ad budgets and over $5 million of training and consulting revenue in the last 3 years


Advisor to the e-commerce/ retail divisions of the two largest family-run conglomerates in Mexico


Graduated from Bentley University with a BSc. in Managerial Economics and Entrepreneurship

 

 

Donald Henig – EVP & Co-Founder

Former president of 3 of 4 divisions of American Home Mortgage, a NYSE listed company with 7,000+ employees


Led teams funding well over $100 billion in mortgage financing


Produced eight feature films and the Broadway show Rock of Ages, among other entrepreneurial ventures

 

 

Sam Kotch – COO & Co-Founder

Helped raise capital for hundreds of early-stage companies and entrepreneurs


Also launched and sold consumer products both online and in brick-and-mortar stores


Co-founder of Algo Holdings that provides training, software, and consulting to over 5,000 third-party Amazon Sellers in English and Spanish


Holds a B.S. in finance and an MBA from Bentley University

 

Learn More About This Transaction AccrueMe
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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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