YourTrade raises $7M to offer return solution for cross-border e-commerce merchants

The YourTrade team
Image credit: YourTrade

Tokyo-based YourTrade, the Japanese startup aiming to optimize cross-border logistics for e-commerce merchants, announced on Wednesday that it has raised 100 million yen (about $7 million US) in a seed round from Genesia Ventures and Anri.

The company offers cross-border e-commerce merchants to resell returned goods and backlogged inventory from overseas sales to local sales channels. It also offers services like the collection and inspection returned goods and resale through local sales channels.

The service aims to solve a number of problems in cross-border sales, such as the cost of returning and disposing goods, to avoid the financial burden. Starting with Taiwan, YourTrade plans to expand the service globally, and is currently seeking merchants looking for ways to reduce waste in their overseas sales.

CEO Hiroto Yanagisawa is a certified public accountant in the US. Prior to launching YourTrade, he joined Sumitomo Corporation, where he was in charge of overseas exports of steel products, management of operating companies, and investment operations.

Prior to coming back to Tokyo to launch YourTrade in 2021, he has been managing a U.S. subsidiary and engaged in new business at the trade major’s Chicago branch from 2015 to 2020.

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via PR Times