Paid, Inc. (OTC: PAYD) announced that its subsidiary ShipTime Canada Inc. has acquired an 80% ownership stake in Warehowz, Inc., a North American on‑demand warehousing and fulfillment marketplace. The deal gives ShipTime access to Warehowz’s network of more than 2,500 warehouses across the United States and Canada, enabling the company to offer end‑to‑end logistics solutions that combine shipping, warehousing and fulfillment under a single platform.
The acquisition is a strategic move to broaden ShipTime’s service offering beyond its core shipping‑coordination platform. By integrating Warehowz’s flexible storage and fulfillment capabilities, ShipTime can now provide merchants and enterprise brands with greater inventory control, faster delivery times and a unified interface for managing all supply‑chain activities. ShipTime’s CEO, Austin Lewis, said the deal “strengthens our ability to expand further into the U.S. market and deliver an end‑to‑end solution for brands that require speed, efficiency and scalability at every stage of growth.”
Warehowz has raised more than $12 million since its inception in 2017, including a recent $2.34 million equity round in September 2023. The company’s marketplace model, often described as the “Airbnb of warehousing,” connects businesses needing storage with warehouses that have excess capacity, and it has partnered with third‑party logistics firms to extend its reach. The acquisition gives ShipTime a foothold in a rapidly growing on‑demand warehousing market that is projected to reach $25–$26 billion in the coming years.
The transaction positions ShipTime to compete more effectively with larger integrated logistics providers by offering a broader suite of services. The expanded network will allow ShipTime to serve U.S. merchants with the same scale and flexibility it already provides in Canada, thereby accelerating its goal of becoming a full‑service logistics provider across North America. The move also signals Paid, Inc.’s commitment to investing in growth through strategic M&A, reinforcing its long‑term vision of delivering end‑to‑end e‑commerce solutions.
The deal’s financial terms were not disclosed, but the strategic value lies in the network expansion and the ability to cross‑sell ShipTime’s shipping coordination platform to Warehowz’s existing customer base. The acquisition is expected to generate incremental revenue streams and improve operational leverage as ShipTime integrates Warehowz’s technology and warehouse network into its existing platform.
The announcement underscores ShipTime’s focus on scaling its logistics capabilities and deepening its presence in the U.S. market, while also providing a platform for merchants to manage inventory, fulfillment and shipping from a single source. The acquisition is a key milestone in Paid, Inc.’s broader strategy to transform its e‑commerce ecosystem into a comprehensive logistics and fulfillment powerhouse.
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