Photo - Tokban
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Tokban

Indonesia
Market: Logistics and warehouses, Building, Financial services, Another
Stage of the project: Operating business

Date of last change: 07.05.2022
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Idea

Tokban is Indonesia B2B platform for construction materials, MROs, and home renovations, connecting suppliers and builders. Our 6 months gross GMV is close to US$900k, 100 suppliers, 45 buyers onboard

Current Status

Past six months, GMV (Nov 2021 - April 2022) has been US$885k. We have over 100 suppliers to date and over 30 recurring buyers.

Problem or Opportunity

The construction materials sector is high friction in product search, inefficient ordering process, untransparent pricing & quality, and risky payment terms to new buyers.

Solution (product or service)

Tokban aggregates buyers' orders into a one-stop-shop solution, delivering orders faster, and showing transparent product quality and pricing while keeping payment terms with suppliers.

Business model

Our business model is based on consolidating buying power and offering payment terms to buyers and suppliers through organized lender partners. We receive rebates and bulk purchase discounts from suppliers, and we partner with retail/wholesalers to offer BNPL to their customers.

Incubation/Acceleration programs accomplishment

Accelerating Asia
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Idea
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Finance
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Business model
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