Kwayga.com, the fastest supplier sourcing engine for supermarket buyers, has successfully closed a funding round, with a EUR1m investment in the company, led by The Redesdale Food & Beverage Fund.
Cork-headquartered Kwayga.com enables supermarket buyers to cut their sourcing times by 40% using its game-changing supplier sourcing technology, achieving in minutes what previously took months.
“Redesdale’s investment is a huge vote of confidence in our groundbreaking technology. This partnership will significantly accelerate our growth across Europe as we continue to build high value relationships with significant UK and European buyers, reducing their sourcing time and costs by rapidly connecting them with the best European suppliers. This funding will be used to scale our team and continue to grow our product,” said Mike McGrath, co-founder and CEO of Kwayga.com.
Kwayga.com was founded in 2021 by Mike McGrath and Martin Fitzgerald to provide a sourcing engine for Supermarket Buyers to engage them with perfectly matched private label and trending product suppliers in European markets where they would not previously have had visibility. It does this faster than ever seen in the sector, finding high quality product and supplier solutions quickly.
Buyers use Kwayga.com to cut 40% off their sourcing lead times, get new product requirements on shelves in record time; replace existing products when necessary; and for targeted cost saving programs. It already counts the main Irish supermarkets and several UK supermarkets as its customers, and has in excess of 80,000 suppliers on its database.
Find out more at: https://www.kwayga.com