Temando, an Australian business which has developed a cloud based fulfilment software platform has raised A$50 million Series B investment from Neopost S.A. The finding will be used for further product development in APAC as well as for growing its business in the USA and the UK. The Temando product enables retailers to lower their costs and increase conversion rates by providing customers with a wider choice of delivery options.
Carl Hartmann, Temando co-founder and CEO said “We are thrilled to have the backing of such a major player in our industry. As an Australian technology company, we are proud of our heritage and wouldn’t be here today without the support of our eco-system – retailers, carriers, agencies and technology partners who have believed in our vision from the start and continue to inspire our product development into the future.”
Temando’s solution can automatically recommend the most cost-effective shipping route from a retailer’s warehouse or physical store closest to a consumer’s location and has registered 50,000 retailers and merchants including ASOS, Krispy Kreme. Moet Hennessy and Toys R Us.
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