Cymax Group Technologies Ltd. is a privately held

eCommerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain managemen ...

company headquartered in

Burnaby Burnaby is a city in the Lower Mainland region of British Columbia, Canada. Located in the centre of the Burrard Peninsula, it neighbours the City of Vancouver to the west, the District of North Vancouver across the confluence of the Burrard I ...

, British Columbia, Canada. The Cymax Group of brands includes two retail websites, Cymax Business and Home Square, which sell furniture and decor; plus Freight Club and Channel Gate, which are eCommerce logistics and technology enablement platforms.

History

Cymax Group was founded in 2004 by Arash Fasihi as an online retailer. The company developed a vendor portal and around 170 micro-sites. Currently, Cymax Group operates two online retail properties, Cymax Business and Home Square. A Series A funding round in 2015, led by Frind Holdings, Salman Partners and BDC Capital Corporation, brought the organization's total funding amount to $25 million. The same year, the company launched Freight Club in the US with 100+ carriers offering nationwide

drop shipping Drop shipping is a form of retail business where the seller accepts customer orders without keeping stock on hand. Instead, in a form of supply chain management, the seller transfers the orders and their shipment details either to the manufactur ...

services at enterprise rates. Freight Club offers

application programming interfaces An application programming interface (API) is a way for two or more computer programs to communicate with each other. It is a type of software interface, offering a service to other pieces of software. A document or standard that describes how ...

that integrate with core systems. In 2020, Freight Club launched a cart-level, real-time shipping quote integration on the

Shopify Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online ret ...

app store. In 2018, the company launched Channel Gate, offering a digital supply chain platform for furniture manufacturers. In 2019, Rizwan Somji was appointed chief executive officer of Cymax Group. Under his leadership, the organization has increased focus and investment of resources on the development of technology in support of simplifying eCommerce for partners and consumers through

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech r ...

, and advanced analytics. In 2020, in response to unprecedented demand for online shopping due to the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...

, Cymax Group helped members and clients with tools needed to accelerate eCommerce strategies.

Awards

Cymax Group was a finalist at the 2020 Digital Transformation Awards.

Ratings

*2007 – Ranked 247th in the Internet Retailer Top 500 Internet Companies index *2008 – Ranked 200th in the Internet Retailer Top 500 Internet Companies index *2009 – Ranked 167th in the Internet Retailer Top 500 Internet Companies index *2010 – Ranked 168th in the Internet Retailer Top 500 Internet Companies indexThe Top 500 List – Internet Retailer Magazine
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References

External links

* {{Vancouver Corporations Online retailers of Canada Furniture retailers of Canada Consumer electronics retailers of Canada Companies based in Burnaby Retail companies established in 2004 2004 establishments in British Columbia