METYCLE operates a B2B trading platform that utilizes AI-based quality assessment to match buyers with vetted suppliers of secondary metals, ensuring precise alloy-specific sorting and quality determination. The platform streamlines international trade by managing logistics and customs processes, enhancing liquidity with favorable payment terms and prompt payments for sellers.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PAFounders
Product
Problem
International trade of secondary metals faces challenges in quality assessment and supplier vetting, leading to inefficiencies and risks for both buyers and sellers. Traditional methods lack precise alloy-specific sorting and quality determination, hindering the matching of buyers with suitable suppliers. Logistical complexities and payment uncertainties further complicate cross-border transactions.
Solution
METYCLE offers a B2B trading platform that addresses these challenges by providing an AI-driven quality assessment process to match buyers with vetted suppliers of secondary metals. The platform ensures precise alloy-specific sorting and quality determination, enabling buyers to find the right materials for their needs. METYCLE streamlines international trade by managing logistics and customs processes, offering hassle-free shipping and container tracking. To enhance liquidity, the platform provides favorable payment terms for buyers and prompt payments for sellers, fostering trust and efficiency in the marketplace.
Target Audience
The primary target audience includes businesses involved in the international trade of secondary metals, such as metal recyclers, manufacturers, and traders seeking efficient and reliable sourcing and sales channels.
Features
- AI-based quality assessment for alloy-specific sorting and quality determination of end-of-life metals.
- Vetted network of premium suppliers, offering a wide selection of metal scrap and recycled metals.
- Streamlined logistics and customs management, including live container tracking.
- Flexible payment terms for buyers, including extended terms up to 90 days for qualified customers.
- Prompt payment processing for sellers against shipping documents.
- Secure and anonymous marketplace for simplified and safe transactions.
- WhatsApp broadcast channel for real-time updates on available metals and deals.