Scrapays

Scrapays

Empowers individuals to thrive in recycling through their digital infrastructure, fostering efficiency, traceability, and profitability. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m1.0m
% growth-92 %
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DateInvestorsAmountRound
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Grant
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$20.0k

Seed
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Seed
Total Funding$20.0k

Recent News about Scrapays

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Scrapays is a dynamic startup that bridges the gap between waste producers and independent recyclable material collection businesses. Operating in the waste management and recycling market, Scrapays offers a seamless platform where enterprises and individuals can efficiently dispose of their sorted waste while earning returns. The company primarily serves two types of clients: waste producers, which include both households and businesses, and waste collectors, who are independent operators looking to earn commissions.

The business model of Scrapays revolves around connecting these two client groups through its digital platform. Waste producers can easily request pickups for their sorted recyclable materials by dialing a simple code (347 477). Once a request is made, a collector arrives, weighs the materials using an IoT-enabled scale, and confirms the value. This process ensures transparency and efficiency, allowing waste producers to earn cash for their recyclables.

Scrapays makes money by taking a commission on each transaction facilitated through its platform. Collectors also earn commissions based on the kilograms of material they collect and store. The company provides digital tools, such as an inventory management system, to help enterprises manage their scrap materials more effectively. This automation helps businesses save up to 75% of revenue that would otherwise be lost through middleman transactions and falsified reports.

Additionally, Scrapays offers a unique opportunity for individuals with free space to become agents. These agents can earn commissions by recovering and storing recyclable materials. The platform is designed to be user-friendly, ensuring that both waste producers and collectors can start immediately with minimal setup.

In summary, Scrapays is revolutionizing the waste management industry by providing a transparent, efficient, and profitable way for waste producers to dispose of their recyclables and for collectors to earn extra income.

Keywords: waste management, recycling, digital platform, IoT scale, inventory management, commissions, transparency, efficiency, waste producers, collectors.