Eze operates a B2B marketplace that matches buy and sell requests from distributors, retail stores and wholesalers of used smartphones, laptops and tablets, providing access to inventory from over a hundred wholesalers and manufacturers. The platform executes trades, applies a standardized grading process, offers a 30-day warranty with options to exchange, extend warranty to 180 days, or provide additional credit; it reports a return rate under 2% since inception. Eze provides real-time market prices, centralized payments, net payment financing and automated logistics, partnering with FedEx in the U.S., Europe and Southeast Asia and using third-party logistics in Latin America and Africa. The Los Angeles-based company was founded in 2020 and launched its marketplace in early 2021. Operational metrics in the article include over 1,000 business customers across more than 15 countries, facilitation of over 500,000 device sales since launch, and Mexico identified as its largest market (Nigeria was its first). Eze has also launched a fintech arm, Eze Capital, which has disbursed $750,000 since last year in the U.S. as an additional revenue stream alongside transaction margins.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2023