Convictional, A Y Combinator Startup, Will Revolutionize The $5 Trillion B2B E-Commerce Market

  • 📰 Forbes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

B2B e-commerce is still relying on legacy transaction software to facilitate the exchange of goods and payments between buyers and sellers. Chris Grouchy and Roger Kirkness have created Convictional, a B2B e-commerce platform to allow suppliers to automate selling to any retailer or marketplace.

Share to twitterWith the growth of e-commerce in the past two decades, smaller vendors have more significant opportunities to sell to merchandisers and retailers regardless of their size. However, these vendors have difficulty selling to larger entities as the latter relies on legacy transaction software to facilitate receiving goods from the former. Chris Grouchy, 24, and Roger Kirkness, 25, saw this unmet need in the e-commerce market and created Convictional in response.

“While Amazon is obsessed with the customer and Shopify is obsessed with the merchant, here at Convictional, we are obsessed with the supplier,” says Grouchy.$5 trillion worth of orders “Given the opportunity in the segment of the e-commerce that we are focusing on, there’s the pressure to grow fast as opposed to building the right product. From our 500+ conversations with suppliers, we wanted to make sure we built a platform that could solve their problems,” Kirkness says.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 394. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Layaway Is Cool Again, And Visa Wants A Piece Of The $1.2 Trillion MarketFinancial products that let consumers put purchases like refrigerators, bikes and dresses on installment plans have proliferated in the last decade, led by companies like Affirm, Klarna and Afterpay. Now Visa wants in. About time, some old things are better than the new ideas and practices.
Fonte: Forbes - 🏆 394. / 53 Consulte Mais informação »