Ejen2u Worldwide Sdn. Bhd. has introduced that its EjenGo platform has successfully amplified the gross sales and revenues of SMEs and startups in Malaysia. The corporate has proven spectacular progress since its launch in 2019, with over 400 firms and greater than 270,000 brokers registering RM473 million in transactions. The EjenGo platform has confirmed to be an efficient device for companies, with a few of their clients recording a 500% enhance in income.
Founder and CEO of Ejen2u Worldwide, Sheikh Ezaiddin, shared, “We take delight in enabling entrepreneurial endeavours by way of our platform. The exponential progress of our reseller neighborhood stands testomony to our dedication to empowering resellers. This milestone highlights the impression of our platform and extra importantly, the robust entrepreneurial spirit of our customers.“
Ejen2u has demonstrated a exceptional affect on entrepreneurs, exemplified by DnS Magnificence’s vital progress within the magnificence business, which has elevated income by RM7.6 million in comparison with the earlier 12 months.
The wonder and private care business is powering Malaysia’s native financial system
The wonder and private care business has performed a significant function in bolstering the Malaysian financial system over time, rising as a major contributor to the nation’s financial panorama. The business has been experiencing substantial progress in latest occasions, pushed by the surging demand for private grooming and hygiene merchandise amongst shoppers. In keeping with a report by Statista, the Malaysian magnificence and private care business’s estimated price amounted to US$2.88 billion in 2023, and it’s anticipated to register a CAGR of three.10% between 2023 and 2027.
This progress is primarily fueled by the burgeoning center class and their growing consciousness of some great benefits of utilizing private care merchandise. Moreover, Malaysia has been shortly establishing itself as a regional hub for private care product manufacturing, with a number of multinational companies organising their manufacturing services within the nation.
Moreover, Ejen2u’s impression on marginalised communities, particularly ladies and seniors, is noteworthy. The platform has facilitated the event of 589 ladies leaders, producing a collective income of RM345 million. Notably, the platform has additionally engaged greater than 18,000 customers aged 50 and above, producing a mixed income of RM26.8 million. These figures point out that age and gender shouldn’t impede success within the reseller business.
Ejen2u goals to assist underserved entrepreneurs by offering them with alternatives to turn into resellers and drive financial progress. Based mostly on their information, companies utilizing Ejen2u’s platform for a 12 months sometimes expertise vital progress in income and reseller numbers, with a 5.3 occasions enhance in income progress and a 6.3 occasions enhance in reseller progress on a year-on-year foundation.
Affin Financial institution companions with Ejen2u to supply monetary help for SMEs
So as to add worth to clients Ejen2u and Affin Financial institution have signed an MoU. The collaboration between each organisations goals to reinforce the monetary inclusivity of SMEs in Malaysia. SMEs play a vital function within the nation’s financial growth, and so they want entry to inexpensive and handy monetary providers to thrive. The partnership will leverage Ejen2u’s huge community of brokers and Affin Financial institution’s experience in banking and finance to supply SMEs with easy accessibility to monetary services that meet their particular wants. This can allow them to increase their operations, enhance their productiveness, and create extra jobs, thus contributing to the general progress of the Malaysian financial system.
Furthermore, the MoU between Ejen2u and Affin Financial institution is aligned with the federal government’s agenda of selling digital transformation and monetary inclusion within the nation. With the assistance of digital instruments and know-how, Ejen2u and Affin Financial institution intention to simplify monetary transactions for SMEs and make banking extra accessible and inexpensive for them.
“The success tales of resellers on the EjenGo platform and the spectacular progress figures are a testomony to Ejen2u’s dedication to supporting entrepreneurship and innovation in Malaysia. By means of partnerships with like-minded organisations corresponding to Affin Financial institution, Ejen2u goals to proceed offering alternatives for SMEs and entrepreneurs to develop and thrive, contributing to the general financial prosperity of Malaysia.”, continued Sheikh Ezaiddin.
