Provides the largest B2B marketplace for pharmaceutical products, connecting verified buyers and sellers globally to streamline procurement and trade. The platform offers tools like price comparison, product registration verification, and trade finance services, ensuring transparency, efficiency, and compliance in cross-border transactions.
Funding
$1.5M 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.
ADSFounders
Product
Problem
Cross-border pharmaceutical trade faces challenges in verifying product authenticity, ensuring regulatory compliance, and securing transparent pricing, leading to inefficiencies and increased risks for buyers and sellers. Existing marketplaces often lack comprehensive tools for product registration verification and price comparison, hindering informed purchasing decisions.
Solution
Pharmint is a B2B marketplace designed to streamline global pharmaceutical procurement and trade by connecting verified buyers and sellers of pharmaceutical products, APIs, and medical equipment. The platform provides tools for real-time price comparison across multiple vendors, enabling buyers to make informed purchasing decisions. Pharmint also offers a product registration status tool to verify the legitimacy of sellers and products in specific countries, ensuring regulatory compliance. By integrating blockchain technology, Pharmint enhances trust and transparency in cross-border transactions, providing a secure and efficient trading environment.
Target Audience
Pharmint primarily targets pharmaceutical importers and distributors in Africa, Latin America, and Asia, as well as GMP-certified manufacturers and API suppliers seeking to expand their global reach.
Features
- Real-time price comparison across hundreds of vendors using the Pharmint calculator
- Product registration status verification to ensure sellers are authorized in the buyer's country
- Integration of blockchain technology to enhance trust and transparency
- Custom quote management for specific product requirements
- API integration for expanding solution capabilities
- Trade finance solutions, including letters of credit and escrow services
- Quality inspection services to ensure product integrity
- D&B and SWIFT risk verification for vetting buyers and suppliers