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VC.RU: "Buying fuel on a marketplace. How does that work?"
... petroleum products. Recall that with a trader, they bought fuel on credit with a markup, as they were using standard business credit programs from banks. But on the marketplace, there are programs with more favorable terms, specifically designed for B2B platforms. For example, some programs offer a grace period with no interest, with the possibility of early repayment. Therefore, the final price of purchasing fuel is not affected by the presence of credit or installment plans. Immediately after the launch ...
Cossa: "Raw Material Marketplaces: Why They Began to Emerge Massively in 2022"
ORG-Market is a commodity marketplace that has become a key sales channel for "Oil Resource Group" over the past few years. The article discusses the development of digital B2B platforms in Russia, their advantages for businesses, and their future prospects. Learn how marketplaces are transforming the market and simplifying raw material procurement. In 2023, the company changed its name and is now called Open Oil Market, owned ...
The petroleum products marketplace "Open Oil Market" plans to go public through an IPO.
... market.
It is noted that the annual trading turnover of Open Oil Market has increased 2.7 times since 2021, reaching 5.9 billion rubles in 2023. As of the first half of this year, the indicator grew another 13%.
The total trading turnover of the platform since 2021 has reached 12.9 billion rubles, and the number of users exceeded 3,000.
Open Oil Market is an independent B2B marketplace (sales from legal entity to legal entity) selling oil products and other raw materials. The company started full-scale operations in 2021. The most in-demand product on the platform is diesel fuel, which accounts for 75% of sales. Gasoline ...
Fintech in Russia: what is it and examples of companies
... with success in fintech. In the coming years, we expect further development of mobile payments, the creation of new investment platforms, and an increase in digital services that will make financial services more accessible and reliable.
The Importance ... ... their money.
For our project, Open Oil Market, fintech also plays a key role. The integration of financial technologies into the B2B segment helps our clients — large buyers and suppliers of fuel — to safely and efficiently conduct transactions, manage ...
Sanctions have begun to be lifted: what should Russian investors expect?
... industry leaders that initially suffered losses due to sanctions. Given that the lifting of restrictions can increase their export opportunities and strengthen the ruble, these companies can offer attractive terms for long-term investments.
The Russian B2B market is also of interest, where the lifting of sanctions can facilitate the development of online platforms for the sale of oil products and other strategically important goods. An example of such a platform is Open Oil Market, the first independent marketplace for oil products and raw materials, which is now actively preparing for an IPO on the Moscow ...