The startup operates an e-procurement and e-financing marketplace that connects construction project owners with verified suppliers, facilitating efficient supplier selection and quote comparison. This platform addresses the inefficiencies in the procurement process for industrial SMEs, saving time and resources while ensuring quality and reliability.
Funding
$420K 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.
Founders
Product
Problem
Construction project owners and industrial SMEs face inefficiencies in procurement, including time-consuming supplier selection, quote comparison, and a lack of access to financing. These inefficiencies can lead to project delays and increased costs due to difficulties in securing necessary materials and managing cash flow.
Solution
Suplio provides an e-procurement and e-financing marketplace connecting construction project owners with verified suppliers. The platform streamlines supplier selection and quote comparison, enabling efficient procurement of materials. Suplio also offers access to credit lines for construction materials, allowing customers to pay over time. The platform provides tools for project control, quotation management, purchase order tracking, and budget management.
Target Audience
The primary target audience includes construction project owners, contractors, and industrial SMEs seeking to streamline their procurement processes and access financing for construction materials.
Features
- Digital platform for requesting materials and generating purchase orders
- Access to a network of qualified suppliers in Latin America
- Financing options for construction materials with flexible payment terms
- Project management tools for tracking quotations, purchase orders, and budget
- Supplier directory with contact information for direct communication