The primary metals market is reported to contribute a whopping 3.6 billion tonnes of CO2 emissions every year - making it a significant yet underappreciated contributor to global climate change. Metycle is a company hoping to help tackle this problem, with a marketplace enabling the secure and simple trade of secondary metals.
Secondary metals are derived wholly or in part from scrap, yet still function as well as their primary counterparts across a heap of applications. Unfortunately, the secondary metals market remains complex and untrustworthy, deterring businesses from adopting them.
Metycle's platform facilitates trustworthy and economical secondary metals trade. Buyers can connect to a network of suppliers, qualify for extended payment terms and track shipments, all without a sign-up fee. Sellers, meanwhile, are guaranteed prompt payment as well as safety and anonymity for their transactions.
With this undeniably attractive double-header, it is no surprise Metycle has raised strong funding. Its 2025 round will be used to develop its data, software, and AI capabilities.
Freddie
Company Specialist at Welcome to the Jungle