The Rise of Fintech and E-Commerce: Entrepreneurial Spotlight on Shay Bichler

Shay Bichler is a leading entrepreneur in Israel’s tech sector with significant expertise in e-commerce, logistics, and fintech. Enticed by other tech leaders, Shay moved to the US to further his career. Growing up in a close-knit family with 11 siblings, he learned the importance of community and collaboration—values that have been integral to his entrepreneurial journey. At just 19, Shay founded his first business, marketing consumer products and food across Europe, which laid the foundation for his later successes in fintech and e-commerce.

How has fintech revolutionized the way we conduct business?

Fintech has democratized access to financial services, enabling businesses of all sizes to compete globally. It offers secure, efficient, and cost-effective ways to manage transactions, secure financing, and streamline operations. This has been particularly beneficial for e-commerce, where seamless payment solutions are crucial for success.

How has fintech transformed the retail landscape in e-commerce?

E-commerce has broken down geographical barriers, allowing businesses to reach customers worldwide. Today’s consumers demand end-to-end solutions, regardless of where they are trading from. They expect their products to be delivered quickly and affordably, with tracking options. This is where the power of collaboration comes in.

Can you elaborate on the importance of collaboration in the shipping and logistics industry?

The future of shipping and logistics lies in international and local collaborations between various suppliers. The era where suppliers believed they could achieve everything on their own is over. By leveraging each other’s strengths and addressing weaknesses, businesses can create efficient, cost-effective solutions that benefit everyone involved. In companies like Shippiz, we embrace collaboration as a core principle. It might feel risky to partner with competitors, but these collaborations have proven invaluable.

Tell us about Shippiz and how it is revolutionizing logistics.

Shippiz is a standout solution in our collaborative approach. By saving about 20% on shipment costs, Shippiz significantly increases the sales and transaction closures for e-commerce merchants across all platforms. This cost efficiency is a game-changer, allowing merchants to offer competitive pricing while maintaining healthy profit margins. It also enhances customer satisfaction by ensuring timely and cost-effective deliveries.

Can you tell us more about the price comparison engine you developed that’s gaining significant attention?

The price comparison engine is a revolutionary tool that offers a transparent and competitive way to compare shipping costs across different providers. By empowering merchants with the ability to choose the most cost-effective shipping options, this engine plays a crucial role in optimizing their logistics and increasing their overall efficiency. It’s been a game-changer for many e-commerce businesses. Shopping cart abandonment due to high shipping costs is one of the biggest problems for e-commerce merchants, so by addressing that issue, we can help businesses increase sales and profits.

What do you think the future holds for the software world, especially for e-commerce merchants?

I believe that in ten years, a small number of players will control 70% of the software and management market for e-commerce merchants. Today, there are over 26 million sellers and e-commerce merchants worldwide. Any software providing local solutions will need to find partnerships with other countries to offer comprehensive services. E-commerce merchants in the US use multiple platforms for inventory management, listing, smart selling, orders, invoices, and delivery management. In the future, we’ll see more mergers and collaborations, streamlining the software ecosystem and making it more efficient for merchants.

How do you see globalization and AI impacting fintech and e-commerce?

Globalization continues to shape our world, and the role of artificial intelligence (AI) in fintech and e-commerce cannot be overstated. AI has the potential to bring about unprecedented efficiency and innovation, creating platforms that cover areas and services around the globe. Within the next decade, it will become clear who the dominant players are. Those who master the art of collaboration and leverage AI will be leading the charge.

For more information on Shippiz, visit Shippiz.com or contact them at Shippiz@nym.hush.com.