A Silicon Valley startup says it has taken on the challenge of opening up the plastic scrap trading industry. Scrapo Inc. seeks to make it easier for buyers and sellers to discover, negotiate and close deals from around the world.
Sellers can list materials in seconds and receive instant bids from interested buyers, the company says, while buyers can browse through available offers and make a bid. The Scrapo mobile app allows users to use the network from their phones.
To facilitate trade in the platform, Scrapo says it has integrated real-time communication tools so traders don’t need to check emails or make phone calls.
“The idea is to promote free market philosophy through use of technology,” says Rashad Abbasov, co-founder and CEO of Scrapo. “If you as a trader, big or small, have access to hundreds of offers instead of a few, you obviously would end up making a much better deal for yourself.”