CommTrade
New York
About CommTrade
Hi we are CommTrade and in current specific time we are already save money for a plastics trader. We are b2b software for raw material traders In order to produce many of the plastic objects we use in our daily lives in the US alone, 30,000 plastic traders lose 4 to 6 hours of employee work time on messy and tedious operational work. Why?... Because the deals and shipment process is a mess. We come from the polymer trading industry. When we had to purchase and deliver raw materials for manufacturing, we spent hours on phone calls and meetings, working in excel spreadsheets and sending tons of documents. We tired of it and… We created CommTrade - an intelligent solution that improves productivity by automating, tracking and streamlining workflows between contractors. As results we cut 37% time of work per deal, get 17% more in annual revenue and total control of all business streams. We calculates that we saves over 1 thousand dollars per deal. An average trading company makes over 50 deals monthly. So we can provide monthly savings over 50 thousands for each company. For this we charge 1k dollars in monthly subscription for a basic product and we will go deeply in automation of business. It is cheaper than big enterprise ERP systems (like SAP and Oracle) Our product is specifically designed for the polymer trading industry based on market expertise. We know which products need to be in this market. And of course we totally boost efficiency than traditional ways of doing business. There are some specifics of the polymers. The market is huge, but very interconnected and we’re focusing on small and medium distributors of plastics. Now after New York acceleration program we are finalizing a pilot with plastic trader and in the next months we will onboard customers form ready pipeline of companies. We want to generate capital of $100k for finishing 8 more pilots in target market and reach over $80k annual revenue. My partner owns a commodity trading company and has a Morgan Stanley background and market network, my experience is IT management in a big technology company and launching startups. We engaged a strong advisory board of experienced commodity players from Europe, US and global market. We are targeting on the distributed ecosystem for fully automated raw materials trading process and we know how to do it.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: Less than $1M
- Total funding: $130.0K
- Funding stage: Seed
- Last round: Pre-Seed (Feb 2019)
- Website: commtrade.io
- Phone: +7-905-798-3929
Industries & Categories
B2B, Blockchain, Contact Management, Enterprise Resource Planning (ERP), Enterprise Software
Social Profiles
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