• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TechEngage

TechEngage

Technology news and opinions

  • Tech News
  • Reviews
  • How-to
  • Science
    • Energy
    • Environment
    • Health
    • Space
  • Apps
  • More
    • Opinion
    • Noteworthy
    • Roundups
    • Culture
    • Blockchain
      • Cryptocurrency
    • Events
    • Deals
    • Startups
      • Startup Submissions
  • Videos
  • Login
Startups

Goxip got $1.4 million investment for flexible payments

Avatar for Fatima Bhutta Fatima Bhutta Updated: August 12, 2020

Goxip
Image by: Goxip

Online fashion commerce Goxip based in Hong Kong has brought an investment of $1.4 million from the financial service company called Convoy Global Holdings. The startup raised its revenues to $5 million in January this year. The imaging software Meitu, from China, invested $5 million in influencing the marketing campaign of Goxip.

Other female investors that were involved in this investment belong to major families. The startup allows the users to get paid everytime another user viewed their photo. Users can use this software to post their outfits and make money whenever a follower clicks the link.

Convoy Global Holdings, the company Goxip got the investment from, is headquartered in Hong Kong. The company offers a range of services from asset management to life insurance and other financial choices. The company is going through a crisis due to the corrupt activities of a former director Doctor Cho. Convoy also made other financial strategies with Nutmeg in the UK and Currencyfair in Ireland.

Goxip stated they would build a new relationship with Convoy to offer more financing options to expand their online commerce. The fashion commerce has expanded to social media platforms to broaden their business thus making use of ‘shoppable Instagram.’

The company is also involved with other recognized brands such as Nike, Alexander McQueen, and TopShop. This helps them in marketing.

Goxip has 600,000 users and receives the average orders worth $300. The Goxip CEO Juliette Gimenez stated the duration of the payment options would last up to 6-12 months.

She plans to expand the business in Malaysia first. Then her next move is to open another office in Bangkok, Thailand.

Apart from its geographical locations, Goxip introduced RewardSnap service which is the same as Rewardstyle in the US. This service will help partner with brands and influence the referrals of the audience.

The CEO stated about 14 million signed up for RewardSnap. It involved over 150 influencers. The company has worked hard to target the audience with the right amount of followers.

Goxip’s leading social media platform is Instagram which is its main focus for online shopping. Gimenez pointed out Facebook hasn’t been able to expand its e-commerce in Asia. She planned thoroughly to bring Instagram and Facebook together to increase the number of followers. At the same time, the owner aims to deliver a strong connection between RewardSnap and Goxip.

She wants to encourage online buyers to purchase the products and expand the business overseas.

Pretty hefty investment for Goxip! Hope it works out well! Stay tuned! 

This post was orginally published on: October 30, 2018 and was updated on: August 12, 2020.

Related Tags: Goxip

Related Stories

  • Musiio is using AI to make music more accessible

    Musiio is using AI to make music more accessible

  • DealSmash: A Startup to Keep You Updated With Deals and Promotions

    DealSmash: A Startup to Keep You Updated With Deals and Promotions

  • Molotov lets you watch TV in a VR coffee shop

    Molotov lets you watch TV in a VR coffee shop

Avatar for Fatima Bhutta

Fatima Bhutta

Author @TechEngage

Writer specializing in business, opinion pieces, and technology education. I’m also an avid reader with a degree in Business & Management from the University of Bolton.

Reader Interactions

Join The Discussion: Cancel reply

Please read our comment policy before submitting your comment. Your email address will not be used or publish anywhere. You will only receive comment notifications if you opt to subscribe below.

Primary Sidebar

Become a contributor

We are accepting contributor applications. All applications will be decided in 3 days after applying. To learn more click here.
TechEngage-Apple-News
TechEngage-Google-News

Recent Stories

  • Samsung S21 series is here and we’ve got everything you need to know
  • Best laptop cooling pads for 2021 on Amazon
  • Best standing desks on Amazon for 2021
  • 14 best educational apps of 2021
  • Best long-range outdoor WiFi extender for 2021
Best Fitness Apps featured image

Top 10 best fitness apps 2021

Best Long Range Wifi Extender

Best long-range outdoor WiFi extender for 2021

free up space on android

How to free up space on Android device

two kids using their phones

How to use spy apps monitor a child’s social media activity

Footer

About Us

  • Advertise
  • Send us a tip
  • Startup Submission Questionnaire
  • Community Guidelines
  • Corrections Policy & Practice
  • Contact us

Discover

  • About
  • Newsroom
  • Advertise
  • Brand Kit
  • Partners
  • Staff
  • Our Ethics
  • Publication Principles
  • Contact us

Legal Pages

  • Reviews Guarantee
  • Community Guidelines
  • Cookies Policy
  • Comments Policy
  • Our Ethics
  • Disclaimer
  • GDPR Compliance
  • Privacy Policy
  • Terms and Conditions

Download our apps

TechEngage-app-google-play-store

Copyright © 2021 · All Rights Reserved · TechEngage® is a Project of TechAbout LLC.
TechEngage® is a registered trademark in United Kingdom under Trademark Number UK00003417167 and is ISSN protected under the ISSN 2690-3776 and OCLC Number 1139335774.