London, United Kingdom--(Newsfile Corp. - January 27, 2023) - ENGYIN has secured an investment from none other than Touker Suleyman, a well-known and highly respected entrepreneur and investor. ENGYIN is the first-ever solution that has achieved a high recovery percentage of abandoned baskets at an average of 10%. This innovative technology is a potential game-changer for online retailers looking to boost sales by reducing e-commerce basket abandonment rate. 

"This investment will help ENGYIN, to further develop and expand the company's e-commerce platform that utilizes Artificial Intelligence to assist online retailers in optimizing sales," reported Founder and CEO, Chanuka Weerasinghe.

Chanuka Weerasinghe with Touker Suleyman

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ENGYIN's proprietary technology solution utilizes real-time price cuts to customers who have shown hesitation in completing a purchase. 

This investment is a significant step for ENGYIN as it will support the company's growth and expansion efforts, as well as help it to bring its AI-powered platform to a wider market.

The company is dedicated to changing the way conversion optimization is approached and breaking down barriers in the retail industry. 

Media Contact

Name: Atul
Company Name: ENGYIN
Email: info@engyin.com
Website: http://www.engyin.com
City: London
Country: United Kingdom

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152151