MIAMI, Jan. 30, 2017 /PRNewswire/ -- Cross-border shopping mall iguama is pleased to announce its new partnership with leading online retailer Overstock.com (NASDAQ:OSTK). The relationship allows online shoppers in Latin America to search and buy selected products offered by Overstock in the home furniture, housewares, jewelry, clothing and consumer electronics categories through the iguama e-commerce cross-border marketplace.
"We are excited to announce this partnership, and offer Latin America a new way to access Overstock.com products," said Diego Fernandez, Co-Founder and Chief Executive Officer of iguama. "Our technology platform provides our members a new simplified and affordable way to buy from Overstock.com."
iguama provides consumers in Latin America access to Top U.S. retail brands typically not available for purchase in local malls. Founded in 2014, the company is the first cross-border e-commerce shopping club where members receive competitive pricing on popular U.S. Brands and Stores, including exclusive deals, promotions, and savings. All local customs, taxes and shipping are handled by iguama, removing international barriers from customers and providing a seamless shopping experience.
The company recently announced a $5.0 million Series A financing round led by technology venture capital firms Kibo Ventures and PeopleFund.
About iguama
Established in 2014, iguama is the leading e-commerce cross-border shopping club where Latin Americans shop top quality U.S. brands and Stores at affordable prices. All of the complexity in cross-border transactions is handled by iguama, which include: local marketing, customer service, total in country calculation of price, efficient logistics and payment acceptance. Based in Miami, iguama is backed by technology venture capital firms Kibo Ventures and PeopleFund. For more information visit www.iguama.com.
About Overstock.com, Inc.
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website (http://www.overstock.com and http://www.o.co).
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SOURCE iguama
