BuyCo raises EUR6.5m

big bang factory is happy to share the great news! We have been lucky enough to work with Buyco on their sales and business strategy to support their rapid international expansion.

The addition of ODDO BHF Group to BuyCo’s shareholder base brings the total capital invested since the company’s inception to 6.5 million euros, enabling the company to continue its strong growth. This partnership will allow BuyCo to develop innovative features in the area of international financing-especially for improving the current process of issuing letters of credit, a financing instrument that accounts for a significant portion of global trade. The development of maritime transport digitalization is to be further accelerated.

Founded in May 2015 by experienced logistics specialists, BuyCo deploys the latest technology to simplify the operational management of maritime container transport. BuyCo offers exporters and importers a digital, neutral, innovative, and intuitive platform that allows companies to plan, book, and directly monitor their international container shipments in collaboration with their various partners (customers, suppliers, carriers, shipping companies, and forwarders). 

Thanks to the rapid implementation of its user-friendly and high-quality digital solution, BuyCo has increased its volume fivefold between December 2019 and December 2020. Despite the Covid crisis, BuyCo manages nearly 300,000 containers per year around the world.

Carl Lauron, founder and CEO of BuyCo, comments: “Our goal is to get the players in the physical and financial supply chains to work together to make this documentation consistent from the start. We share this ambition with ODDO BHF Group, and in particular with their International Banking unit based in Germany. This partnership will further improve both the quality and scope of our service offering, to the benefit of our customers.”

Florian Witt, responsible for International Banking at ODDO BHF, says: ” With our investment in BuyCo, we can offer our clients a collaborative platform solution where logistics and financing of a transaction go hand in hand. We met the BuyCo team back in 2018 and have since been very impressed with the quality of their services and their customer references.”