GudangAda Funding, Investors & Competitors

Whop functions as a marketplace for digital products where entrepreneurs sell communities, online courses, and software tools. It manages memberships across Telegram and Discord with automated role assignments and access controls. San Francisco-headquartered Whop provides payment processing, analytics, and chat features to help creators scale operations and retain subscribers.

MercadoLibre runs the largest e-commerce marketplace in Latin America, with about 150 million active users and more than 600 million active listings across 18 countries stitching into its commerce network or fintech solutions when last reported. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

São Paulo-headquartered Olist serves as Brazil's leading commerce enabler for small and medium businesses, facilitating sales on major marketplaces through its integrated ecosystem. Olist Store connects merchants to platforms including Mercado Livre, Amazon, and Shopee, while Olist Shops delivers mobile-first ecommerce tools accessible in 180 countries. Complementing these, Olist Pax manages logistics and fulfillment across Brazil, and Olist Credit with Olist Pay handles financing and payments. Founded in 2015, Olist operates in over 2,000 Brazilian cities and pursues global expansion.

JD Digits is a Beijing-based fintech arm of JD.com providing supply chain finance, consumer loans, insurance, payment gateways, and securities brokerage. The platform connects over 500,000 SMEs with funding exceeding 200 billion RMB annually through AI-driven risk assessment.

RB Global has evolved into a leading global marketplace that connects buyers and sellers of commercial assets and vehicles. It is the result of the 2023 combination of Ritchie Bros. and IAA. Ritchie Bros.' roots were as an auctioneer facilitating transactions of commercial, construction, and transportation equipment (excavators, bulldozers, forklifts, and commercial trucks and trailers). However, it has evolved into an omnichannel marketplace. IAA has similar roots, though primarily focused on the salvage auction segment for consumer automobiles. The group provides ancillary services including title processing, transportation/towing, financing, data and appraisal, and so on. Its activities are international, though skewing approximately two-thirds to North America.

Mirakl is a Paris-headquartered SaaS provider of enterprise marketplace platforms for B2B and B2C sectors. Founded in 2012 at mirakl.com, it enables brands like Leroy Merlin and Best Buy to launch scalable online marketplaces, managing over 100 million products across global clients.

Udaan is a Bengaluru-based eB2B platform connecting suppliers and businesses in FMCG, pharmaceuticals, and staples categories across India. The service optimizes supply chain logistics and extends financial products to small retailers via udaan.com.

AppDirect is a cloud service commerce platform connecting providers, developers, and consumers globally. San Francisco-headquartered and launched in 2009, it powers marketplaces for discovering, purchasing, managing, and monitoring services from Microsoft, Google, and Box. Partners including Telstra, ADP, Samsung, and Deutsche Telekom leverage its billing, distribution, and reselling capabilities to reach millions of businesses.

Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), and Machinio & Software Solutions. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.

Fenbeitong is a Beijing-based enterprise spend management platform automating controls for travel, vehicle use, procurement, and reimbursements. The system enforces real-time approval rules, invoice matching, and credit-based monthly settlements to cut costs by up to 20 percent for corporate clients. Integrated with WeChat for employee expense submissions, it serves over 1,000 companies in finance, manufacturing, and tech sectors across China. Fenbeitong provides analytics dashboards tracking spend categories and compliance rates.

WAG Payment Solutions PLC, formerly Eurowag is a pan-European integrated payment & mobility platform focused on the commercial road transport industry. The group's business involves the provision of services to the CRT industry which is focused on two primary segments: Payment solutions, comprising energy payments through pre-pay or post-pay fuel cards and toll payments; and Mobility solutions, comprising tax refund services; telematics; smart routing apps; and other adjacent services.

AUCNET Inc is a Japanese based auction services provider. It provides new information distribution services using media, including LaserDisc, satellite communications, and the internet. It operates in the used cars auction business, motorcycle business, the flower business, the digital products business, the brand items business, and the medical equipment business.

ZKH Group Ltd engages in providing MRO procurement service platform in China. It provides one-stop MRO procurement and management services for its customers, and offers digital and fulfillment solutions for participants along the industry value chain. It offers a broad range of MRO product offerings covering all MRO product lines on its platform, including spare parts, chemicals, manufacturing parts, general consumables, and office supplies. All of the Group’s revenues are derived from the PRC.

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led by Germany, the United Kingdom, and Japan.

Ramp is a San Francisco-headquartered spend management platform that issues corporate cards, automates expense tracking, handles bill payments, and streamlines vendor management alongside travel booking and accounting reconciliation. It integrates directly with systems like NetSuite, QuickBooks, Sage Intacct, and Workday for real-time transaction syncing across 190 countries and multiple currencies. The service enforces spend policies through controls and approvals while automating invoice coding and month-end closes for finance teams worldwide.

Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. Its suite of modern payment solutions helps customers manage vehicle-related expenses, lodging expenses, and corporate payments. Its reportable segments are; Vehicle Payments, Corporate Payments, Lodging Payments, and Other. The group's geographic areas are the United States, Brazil, the United Kingdom, and Other.

Airwallex is a Melbourne-headquartered global payments platform processing cross-border transactions in 60+ currencies for businesses worldwide. The company offers multi-currency accounts, FX hedging, virtual cards, and embedded finance APIs integrated by platforms like Shopify and Stripe. Airwallex serves 100,000+ companies including Brex and McLaren, with $50 billion annual payment volume. Valued at $5.5 billion after 2022 funding, it operates in 20 offices across Asia, Europe, and North America.

Lalamove is a logistics platform operating in 21 markets across Asia and Latin America since its 2013 launch in Hong Kong as EasyVan. The service connects customers with driver-partners for deliveries completed in 55 minutes on average, matching in 12 seconds.