In 2019, Metalshubovercome the 100-million euros milestone of legally binding contracts, which is a five-times increase as compared to 2018 that had a 20-million euros turnover. Metalshub is a digital platform for buyers and sellers of metals and ferroalloys.
In December 2016, Anglo American executives Dr. Frank Jackel and Dr. Sebastian Kreft established Metalshub with the aim of offering innovative technology to facilitate buying and selling metals. In December 2019, Metalshub completed 24 months without any technical downtime. More than 650 organizations from 66 nations leverage Metalshub for transactions of 17 product categories such as Chrome, Manganese, or Molybdenum.
Lucas Netto, Group Supply Chain Manager at Magotteaux, commented "Using the Metalshub platform enables Magotteaux to conclude contracts digitally. This is an opportunity for Magotteaux and our partners to create a more efficient workflow.”
A team effort of Metalshub has been important in this progress. Earlier, there were 10 team members, while in Dusseldorf at ‘Platz der Ideen’, the office has 24 members from 10 nations. They are committed to a single aim: To create the leading global marketplace for metals and become an innovation leader in the metals and mining industry.
We thank all our users, supporters and in fact also our skeptics. They all motivate us to work hard every day and make it easier, faster and safer for our users to buy and sell metals.
Sebastian Kreft
Co-Founder and Managing Director, Metalshub
In 2018, Metalshub had a seed financing round wherein 3 million euros were invested by Chromo Invest and Point Nine along with a number of business angels. To add value to its customers, Metalshub uses a modern tool to manage the purchase process and the company’s expansive reach to global suppliers. Sellers can streamline internal processes and minimize transaction expenses.
Metalshub has shot up operational efficiency to minimize the transaction expenses, transform the traditional Metal industry to the digital form, and offer a global platform for a fair competition.
Pawel Chudzinski, Partner at Point Nine Capital, remarked “At Point Nine, we are looking for founders who show a deep understanding of the nature of the problem they are trying to solve. Frank and Sebastian have lived the problem and have proven that there is a large business around addressing the pain points. The strong growth in 2019 can be attributed to a stellar team, a focus on execution and the unifying vision to create a digital marketplace that leads to a more efficient market.”
For more details, visit www.metals-hub.com/.
