160412 WeMarket INT Press Release

Press release
WeMarket Launches Global B2B
Marketplace
• WeMarket Karma presents cutting-edge reliability ratings, allowing safe trading
• Personalized B2B marketplace offers access to $6+ trillion in global trade potential
• Founded by Bas Beerens, creator of WeTransfer
Amsterdam, April 12, 2016 – Today, WeMarket launches the first business-to-business
only marketplace, allowing buyers and suppliers to trade with new business partners
all over the world in a personal, safe and transparent online environment.
WeMarket, from the founder of easy file-transfer service WeTransfer, enables companies
of all product categories to trade globally on one platform and explore areas of business
that would otherwise have remained uncharted. More than 30 industries are already
trading on WeMarket, after joining the marketplace during the beta phase that started in
the summer of 2015. Product placements are rapidly growing, varying from wine to
consumer electronics and refined oil to fashion apparel. Currently, products on the
marketplace include brands such as Nike, Samsung, Castrol, Riverdale Mills Corporation,
Volkswagen and Dom Perignon.
Online trade is expected to gain 27 percent of total B2B trade by 2020* at a calculated
value of $6.7 trillion**. Buyers and suppliers all over the world are looking for ways to
utilize the digital market’s potential, and WeMarket has filled that need.
“Small and large companies are tired of missing out on billions of dollars in trade
opportunities currently hibernating in non-transparency and old-fashioned
tradesmanship. WeMarket promises to make an end to this status quo, by enabling
international trade for a variety of companies - from large to small brands, retailers,
distributors and many more. It’s 2016! Connecting is easy and instant now. WeMarket’s
online marketplace empowers companies to get in touch quickly and overcome
boundaries. This will stimulate global trade,” said Patrick Steenkist, CEO of WeMarket.
WeMarket gives companies new opportunities to grow trusted relationships in the
market through WeMarket Karma, a cutting-edge reliability rating, which metrics include
credit scores, business profiles and user ratings. WeMarket Karma will also include a
buyer and supplier’s impact and actual trade behavior, such as timely delivery and
payment. WeMarket Insights consists of a personalized dashboard that provides realtime updates of the products that are in stock or demand. WeMarket also provides
companies with a segmented targeting feature that allows companies to market their
products by country, industry and product category.
“Growing your business by taking a chance on new opportunities is appealing. However,
it’s often time-consuming, since trusted relationships aren’t built in a day, right? Well, we
believe they can be built in a split second,” said Gijs van den Broek, CCO of WeMarket.
“It’s about giving back. We use the vast amount of trading data generated by our users
to equip them with the tools to seize opportunities they would otherwise have missed.”
Feedback and new insights from companies that are using WeMarket since the beta
phase have been incorporated to create an improved and strengthened marketplace.
WeMarket’s user-orientated marketplace is intuitive, inventory files can be uploaded for
easy product placement and the integration with service partners such as UPS, Dun &
Bradstreet, SGS and American Express has been taken to the next level. These features
make B2B trade more streamlined and eliminates hassle. Companies can sign up for free
unlimited trading, as WeMarket employs a Freemium model with paid premium features
in the future.
Companies trading on WeMarket share their experiences:
Segway/Ninebot – “WeMarket helps us connect with relevant buyers on a marketplace
that’s safe and exclusively built for B2B. It opens up new customer groups we couldn’t
get in touch with or even knew existed. WeMarket has connected us to a supplier in the
horticulture sector, which turned out to be a great fit for us. These kinds of opportunities
are very promising and we expect WeMarket to become an essential part of our
distribution strategy,” says Piet Kruijt, Managing Director at Segway Netherlands.
Gibson Innovations – “We strongly believe in WeMarket. It’s a unique online platform
with an exclusive B2B network, bringing us in touch with new buyers. Also, they listen to
their users and are constantly using their input and trade behavior to improve their
services. This is why we became a supplier early on,” says Lex Mollman, Global Senior
Account Manager at Gibson Innovations.
Princess Household Appliances – “For Princess WeMarket is a great additional channel
to find wholesale and other B2B buyers, outside of our regular business network. It’s the
first marketplace with a reliability score, WeMarket Karma, for all members, which just is
very useful to us,” Linda Verhagen, Senior Account Manager at Princess Household
Appliances.
* Source: Forbes Frost & Sullivan research, April 9th 2015 - Future of B2B Online Retailing
** Source: IHL Group, May 2015 – Retailers and the Ghost Economy
About WeMarket
WeMarket (www.wemarket.com) is a revolutionary global online B2B marketplace for
large and small buyers and suppliers. WeMarket is the world’s first B2B marketplace
where renowned brands actively trade with distributors, wholesalers, retailers and
stocklot traders. Products may include next year’s product line-up, current stock,
overstock, refurbished products and return merchandise. Companies can sign up for free
unlimited trading, as WeMarket employs a Freemium model with paid premium features
in the future. WeMarket is an independent marketplace that does not ask for a
percentage of the deals or any placement fees. Company verification and immediate
credit scoring by Dun & Bradstreet are part of every registration. WeMarket Karma
identifies reliability, business activity and quality of each participant as an added-value
indicator of trusted business partnerships and trading with a personal touch. Over 30
industries are active on WeMarket, including consumer electronics, toys, gaming,
apparel, personal care, home decorations, power tools, IT hardware and automotive.
Partners include Dun & Bradstreet (business verification); American Express (B2B
payments); IDchecker (identity verification); UPS (shipping and clearance); SGS (quality
inspection) and Bird & Bird (commercial contracts).
WeMarket was founded in 2013 by the creator of WeTransfer and the team currently
consists of over 20 skillful and experienced professionals.
Note to editor, not for publication
All visuals can be downloaded in high-res from www.wemarket.com/press
For more information, please contact [email protected]
or:
Sander Denneman
Hill+Knowlton Strategies
[email protected] / +31 6 20 11 19 39
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