Investor Update | March

Warm greetings to you, dear investors of erxes Inc.!

Please have a look at the news of the company’s activities for the past month.

ONE: erxes Mongolia

  1. erxes Partnership program 

Erxes Inc. has taken a bold step towards improving Mongolia’s competitiveness on the global stage by making its source code open to the public. As part of this commitment, we are pleased to announce the launch of the “erxes Partnership” program, aimed at increasing the value and salaries of Mongolians several times over, while introducing the works of Mongolian engineers to the international market.

Through this program, we offer partnering technology companies an array of opportunities that include the following:

  • All contracts, rules of cooperation, and principles of revenue sharing are open and transparent.
  • Retention of copyright for all modules and technological solutions created.
  • Working together on international projects and getting paid in US dollars.
  • Saving time, manpower, and costs by avoiding the need to start from scratch.
  • Access to erxes’ team of experts who will provide guidance on sales, support, project management, and contract management of the technological products created together.
  • Focus solely on code development, without being distracted by other concerns.
  • Sell co-created modules through the marketplace and generate a regular source of income.

We believe that through this partnership program, we can create a more vibrant technology ecosystem in Mongolia, while increasing the competitiveness of our country on the global stage. We invite all interested parties to join us on this exciting journey towards success.

Click HERE for more information on the erxes Partnership Program.

2. Export your business project 

erxes Inc. is proud to leverage its vast experience, know-how, and technological solutions to develop and manufacture value-added raw materials and final products in Mongolia for the global market. Our mission is to increase the value of Mongolian businesses’ products, thereby boosting their income, which is why we launched the “Export Your Business” project.

The “Export Your Business” program will work in collaboration with two types of business organizations in 2023:

  1. Open your store to the world: Become an erxes enterprise customer and launch your online shopping website with a comprehensive international payment solution.
  2. Creating an international, joint marketplace platform: Co-create the largest marketplace platform for like-minded businesses to share revenue based on engagement.

By joining our program, you can sell your products worldwide and increase your income potential. Whether you are an artisan making silverware at home, a family-run dairy producer, a company that sews coats, spins cashmere yarn, or a corporation that mines copper, erxes provides equal opportunities for everyone through the “Export Your Business” program.

We invite you to register before the deadline of 04/30/2023 and join us on this exciting journey towards success. With erxes as your partner, you can take your business to new heights and reach a global audience. 

Click HERE for more information about the program.

TWO: $ERXS Shares

Erxes Inc. has always been committed to making technology accessible to all businesses, and promoting the stable economic development of our country, while introducing the works of Mongolian engineers to the world stage.

We are pleased to announce that we are seeking a total investment of 3.5 million dollars by offering 13.39% of our company to the public. As of the end of February 2022, we have successfully raised 2,847,392 dollars in investment from a total of 137 investors. This means that the market capitalization of erxes, in which you have invested, now stands at $21.8 million.

Furthermore, we are excited to share that our enterprise customer, Buten-Orgil LLC of Khuvsgul Province, has become a strategic investor in our company. 

We are grateful for the trust and support of our investors and partners, and we remain committed to delivering innovative technological solutions to businesses in Mongolia and beyond.

THREE: erxes Activity

  1. Human resource 

As of July 2022, Erxes had a total of 68 team members and colleagues. However, as of 2023, the number has decreased to 54, a reduction of 14 positions. At Erxes, we prioritize creating a skilled and committed team that is willing to step out of their comfort zones and take on new challenges.

Last March, five individuals applied to leave their jobs voluntarily, while seven new employees were hired. Currently, out of our team of 58 employees, 34 are developers, product managers, and business analysts, all working towards delivering innovative technological solutions to our clients.

2. erxes has participated in Investus Conference

Sokratus Startup Studio, invested by Gund Investment LLC, is a startup studio that focuses on developing startups and engaging in investment activities. From February 28th to March 1st, 2023, Sokratus held the INVESTUS SUMMIT 2023 joint event for investors, with the theme “Investment backed by knowledge.” At the event, the Erxes team had a booth where they provided visitors with detailed information on investment opportunities.

THREE: erxes New Office

We are delighted to announce that the interior design of our new office has commenced. Our goal is to create a workspace that is not only aesthetically pleasing but also promotes a healthy and enjoyable work environment, consistent with international technology companies. To achieve this, we have collaborated with Phoenix LLC, who will assist in designing an office that offers a variety of amenities to help employees recharge and destress. Our employees will have access to features such as massage services, recreational activities like table tennis, and a peaceful environment to rest or take a nap.

FOUR: New Enterprise Announcement

We are delighted to announce that more than 100 organizations, including E-Commerce LLC, New Sand Clock LLC, Smart Brokers United Insurance Center, and Dream Camp, have joined our “Grow Your Business Club.” Our aim is to help these businesses increase revenue, reduce costs, and improve team and customer satisfaction through the latest technological advancements and automation of operations.

We are committed to providing the best possible support and guidance to all our club members, and we wish them all the success as they streamline their internal processes and scale their businesses to new heights.

FIVE: erxes culture

Employee Blog – Pius Paul Udosen

Introducing Pius Paul Udosen, one of the latest members of the erxes family, with extensive experience in business development and sales. He decided to work in this industry by combining his passion for helping others and his interest in technology, and is responsible for erxes’ international sales and support.

Click HERE to read his full interview.

Growth Guidebook – Delgermurun Purevkhuu 

This time, we got an opportunity to talk with Delgermurun Purevkhuu, a software engineer at Jina AI, about his experience, insights, and advice on working with open source. This interview is a must-read for every developer looking to enhance their skills. 

Click HERE to read the full interview.

Thanks for always staying updated with us. Have a great day!