Recycling is good for the planet, but did you also know that’s it’s a $250B market? That’s right, recycling is big business.
Though lucrative, trading in recyclables can be financially risky due to fraud, off-spec material quality, or uncollectable claims (just to name a few).
Tradefox seeks to address these issues by providing in-depth company reports that assess for trading behaviors, thus allowing trading to occur in a much more transparent and informed manner.
The Tradefox platform also provides the means to search for companies based on a rich array of filters, helping to ensure that the ideal match is found from a trading standpoint.
Tradefox has their sights set on becoming the premier platform for services related to the trade of recyclables. They hope that by 2020, $2B of the yearly global scrap trade will be facilitated through the Tradefox platform.
What Interested Investors Need to Know
Three things that investors should take note of:
- Growth: Tradefox has added 110k company profiles since 2018 and seeks to add an additional 300k by the end of 2019. All this has the potential to equate to $200M in value per year for companies in their target industry.
- Potential industry impact: To date, Tradefox is the only company doing what their doing. Considering that they’re targeting a substantial pain point in a $250B market, this could potentially provide them with a unique advantage in the space.
- Seasoned Founder/CEO: Chris Yerbey, Founder and CEO of Tradefox, is a 22 year industry veteran and has a strong entrepreneurial track record.