REM People Raises US$12M Investment from Ethos


Dubai–(business wire) — Ethos Asset Management, a US-based project finance and investment firm, has announced a new partnership with REM People through a US$12 million investment. REM People will use these funds to expand its international network to 24 offices and provide employee bonuses. The ultimate goal is to share his 10% of the company’s stock with employees by implementing it through the Employee Stock Option Program (ESOP).

Expand your international reach

REM People received its first investment in December 2019. We will use these funds to support our international growth. Serving over 50 countries from offices in Dubai, London and Istanbul, REM People works with 120 brands and retailers, each a leader in its field.

“First step of long-term partnership”

Bulent Peker, co-founder and CEO of REM People, commented: “This is another important milestone in a journey that began in 2015. By investing these funds in R&D, international expansion, new products and helping establish a market that offers one , which plans to accelerate the scaling of its AI-based technology, will discontinue retail analytics services, and announced that this is only the first stage of a long-term global partnership that could announce further investment rounds in the coming months. I am happy.”

“REM People is an exciting project”

Carlos Santos, CEO of Ethos Asset Management, said:

“This is a unique project at the forefront of IT solutions. The REM People team ensures that brands always have their products available in shopping areas, visible, priced correctly, planograms and other I was very impressed with their vision and commitment to adhering to our KPIs and being able to closely track our competition.”

“We have total confidence in the REM People team.”

Mustafa Kemal Genc, ​​Ethos Associate at Attributed Holdings Inc (AHI) said:

“Measuring data in online channels is relatively easy, but making it meaningful in physical channels remains challenging. REM People offers a new approach to this problem. , we are happy to help them achieve their international goals.”

“We will continue to invest in retail technology.”

Hans Kastensmith, Executive Director of Ethos in North and Central America, said:

“This is another significant investment by Ethos in the retail sector, where activity picked up in 2022, and we hope to continue our expansion in 2023.”



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