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Teradix Logo

Teradix

Egypt

Sector Retail
Employee Count 11-25
Is Incorporated? No
Foundation Date May 1, 2018

Description

https://teradix.com/

Investments

Competitive Advantage

Teradix aims to empower more than 10 million SMEs in the MENA region to buy and sell, efficiently! We will start with Egypt and scale to Saudi Arabia and Dubai within a couple of years. We are using online and offline channels to target both suppliers and buyers, including Digital Marketing, Events, and Email Marketing.

Detailed Info

Revenue Model Description

Business buyers submit their Request For Quotation (RFQ) for free, and suppliers pay a small fee of $5 to access the details of the RFQ and submit their offers. On average 10 suppliers access the RFQ, so $50 for each RFQ submitted through the platform. Corporate buyers will have to subscribe to a premium plan (Starting from $50/month) to get enterprise features on the platform, such as urgent requests, user management roles and more concurrent open RFQs. In the near future, we will have additional revenue streams that include Ads for suppliers to be featured on buyer dashboards based on their interest and business industry. In addition to introducing premium plans to suppliers to get more insights about the buyer company and access industry based reports to optimize their plans.