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MachineryScanner

Luxembourg
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 12.01.2023
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Idea

Trading heavy equipment is difficult. We make it easy.

MachineryScanner is the safest online marketplace for trucks and heavy equipment.

Current Status

Our platform is live and running. We have paying customers and we start making benefit. We have all the right tools and services. Now we are looking for an investment with skills business professionals to join us on board to scale up in the right way.

Problem or Opportunity

We are two insiders from the industry. We noticed a gap, a lack of trust and transparency between dealers and buyers. Moreover there is for several years an increase of frauds and scammers in the online world. Finally, we realised there was no real vertical search engine for machines, trucks, and equipment.

Solution (product or service)

To respond to the trust and transparency issue, we created the first and only third-party review system dedicated to machinery dealers. We then launched the only certification program to fight against frauds. Last but not least, we launched MachineryScanner Aggregator System.

Business model

Our business models is composed of three lines:
1) Subscription fee for the review system, certification program, and sharing inventory tool.
2) Commission fee via our cross selling agreement with partners' portals.
3) CPC, CPL, and CPA strategy for all clicks out of our vertical search engine. This last business line is not active yet as we are currently working on the traffic side.

Incubation/Acceleration programs accomplishment

Y Combinator (online)
GSD Venture Studio (currently)
SIA Pitch Competition (TAAC 2) - Finalist + Audience winner
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Idea
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