SourceSage is an online store builder and white-label solutions provider for B2B eCommerce. It connects large buyers with small sellers to streamline digital marketplace creation and management.
Problem
- Large seller challenges: Managing numerous small transactions creates complexities in risk management and operational efficiency.
- SME seller limitations: Lengthy KYC processes and limited opportunities to become approved vendors restrict market access and growth potential.
- Large buyer inefficiencies: Purchasing from SME sellers on third-party marketplaces is cumbersome due to extensive KYC requirements.
Solution
- Streamlined sales process: SourceSage enables large sellers to efficiently manage small buyer transactions by digitising the entire sales-to-fulfillment process.
- Market access for SMEs: SME sellers can use SourceSage’s procurement connector to simplify KYC processes and become approved vendors, expanding their market reach.
- Seamless procurement integration: Large buyers can integrate supplier catalogs into their procurement systems, improving the efficiency when purchasing from SMEs.
Media Links
Type
Marketing Advertising & Loyalty
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Singapore
SECTOR
Enterprise Data & Software, Marketplace, and Online Platform
status
Current
founders
Jian Min Sim,John Sim
partnered
2015
exited
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