For the first time since its inception in 2015, Berlin-based elopage has taken on external investment. As a testament to when they say they mean business, the startup means €32 million worth of business. Profitable since 2018, elopage plans to use the new funding to nearly triple the team to a robust 190.
Already the platform and payment provider of choice to some 40,000 digital businesses, the existing and planned elopage staff have a mighty goal ahead of them. By 2025, the top floor wants to see that number jump to at least one million businesses.
Sitting at the intersection of e-commerce, edtech, and the creator economy, elopage was founded by Özkan Akkilic and Tolga Önal with one simple goal in mind: give the non-technical the technology. The platform seeks to open the doors to otherwise non-digital entrepreneurs to set up, distribute and monetize their content while providing a complete commerce and payment infrastructure along the way. With scalability in mind from the onset, elopage retailers report annual revenues ranging anywhere from €5,000 to €40 million.
Clearly striking a chord, the company has grown 3x in the past year, welcomed over 3 million end customers, and onboarded more than 25,000 new digital entrepreneurs.
Photo: Elopage founders Özkan Akkilic and Tolga Önal as captured by their unnamed in-house photographer.