The startup operates an e-commerce marketplace that connects clients with local African suppliers, manufacturers, and wholesalers to source products at competitive prices. By facilitating direct negotiations and transactions, the platform enhances procurement efficiency while promoting sustainable and inclusive sourcing practices.
Funding
$500K 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
Many businesses, especially in Africa, face challenges in efficiently sourcing materials and supplies due to fragmented supplier networks and difficulties in verifying supplier compliance and credentials. This can lead to increased procurement costs, supply chain risks, and difficulties in meeting regulatory requirements and preferential procurement goals.
Solution
TradeBRICS is a B2B e-commerce platform designed to streamline procurement and sourcing from African suppliers. The platform enables businesses to discover and connect with verified suppliers across 150 industries and sub-industries, facilitating direct negotiation and competitive bidding through automated e-RFx and online sourcing events. TradeBRICS provides tools for supplier management, including data validation, duplicate record removal, and real-time updates, ensuring access to up-to-date supplier information and compliance documentation. By digitizing the procurement process, TradeBRICS helps organizations reduce costs, mitigate supply chain risks, and achieve compliance with government regulations and internal policies.
Target Audience
TradeBRICS targets procurement teams, supply chain managers, and sourcing professionals in organizations of all sizes seeking to efficiently source materials from trusted African suppliers while ensuring compliance and reducing costs.
Features
- Online sourcing events and automated e-RFx (RFI, RFQ, RFP) to facilitate competitive bidding
- Supplier network discovery with advanced filters for compliance criteria, B-BBEE, and preferential procurement
- Centralized access to supplier information, documents, and certificates with automated request features
- Supplier data management with cleaning, validation, and real-time updates
- Spend tracking and reporting tools for procurement analysis
- API integration for data exchange with existing systems
- Mobile access for on-the-go procurement management