ScrapAd is a global marketplace that facilitates the buying and selling of recyclable materials, including metals and plastics, across over 125 countries. The platform ensures secure transactions and logistics management by verifying companies and materials, thereby addressing the challenges of trust and efficiency in the recycling industry.
Funding
$6.7M 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.
BYIFounders
Product
Problem
The recycling industry faces challenges in efficiently connecting buyers and sellers of recyclable materials across different regions. Trust and verification of materials and companies involved in these transactions remain significant concerns.
Solution
ScrapAd is a global marketplace designed to streamline the buying and selling of recyclable materials, including metals and plastics, across more than 125 countries. The platform focuses on verifying companies and materials to ensure secure transactions and efficient logistics management. Users can find and negotiate with industry participants, while ScrapAd manages the complexities of material pickup and delivery. The platform also offers a financing service, providing sellers with up to 80% of the payment on the material loading day.
Target Audience
The primary audience includes businesses involved in recycling, such as scrap yards, metal processing plants, and manufacturers seeking recycled materials.
Features
- Global marketplace for recyclable materials, including metals and plastics
- Company verification process to ensure secure and reliable transactions
- Material verification to confirm quality and specifications
- Logistics management, including material pickup from the seller and delivery to the buyer
- Mobile application for both Android and iOS devices
- Option to create custom buy or sell listings with image uploads
- Integrated negotiation tools for buyers and sellers to agree on terms
- "Favorites" and "My Listings" sections for easy tracking of preferred materials and listings