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CommTrade

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United States

Founded in

Feb 2018 (7 Years)

Founded

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1.67

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know CommTrade

    Hi we are CommTrade and in current specific time we are already save money for a plastics trader. We are b2b software for raw material traders In order to produce many of the plastic objects we use in our daily lives in the US alone, 30,000 plastic traders lose 4 to 6 hours of employee work time on messy and tedious operational work. Why?... Because the deals and shipment process is a mess. We come from the polymer trading industry. When we had to purchase and deliver raw materials for manufacturing, we spent hours on phone calls and meetings, working in excel spreadsheets and sending tons of documents. We tired of it and… We created CommTrade - an intelligent solution that improves productivity by automating, tracking and streamlining workflows between contractors. As results we cut 37% time of work per deal, get 17% more in annual revenue and total control of all business streams. We calculates that we saves over 1 thousand dollars per deal. An average trading company makes over 50 deals monthly. So we can provide monthly savings over 50 thousands for each company. For this we charge 1k dollars in monthly subscription for a basic product and we will go deeply in automation of business. It is cheaper than big enterprise ERP systems (like SAP and Oracle) Our product is specifically designed for the polymer trading industry based on market expertise. We know which products need to be in this market. And of course we totally boost efficiency than traditional ways of doing business. There are some specifics of the polymers. The market is huge, but very interconnected and we’re focusing on small and medium distributors of plastics. Now after New York acceleration program we are finalizing a pilot with plastic trader and in the next months we will onboard customers form ready pipeline of companies. We want to generate capital of $100k for finishing 8 more pilots in target market and reach over $80k annual revenue. My partner owns a commodity trading company and has a Morgan Stanley background and market network, my experience is IT management in a big technology company and launching startups. We engaged a strong advisory board of experienced commodity players from Europe, US and global market. We are targeting on the distributed ecosystem for fully automated raw materials trading process and we know how to do it.

    Industry

    • Technology Software DevelopmentPRIMARY
    • Technology Software Trading Platform

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