WeMarket Launches Global B2B Marketplace

Apr 12, 2016, 01:00 ET from WeMarket

AMSTERDAM, April 12, 2016 /PRNewswire/ --

  • 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

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 real-time 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," says 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 (http://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.