E-commerce platform Metalshub raises $11m funding
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E-commerce platform Metalshub raises $11m funding

Published: 07 May 2021
E-commerce platform Metalshub raises $11m funding

Metalshub, the digital trading platform for metals, has completed a financing round that has netted $11 million, Kallanish learns from the Düsseldorf-based company. The round was led by growth venture capital firm Acton Capital, with participation from existing investors Point Nine, Chromo Invest and several business angels. Using the fresh capital and the strong momentum of a

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Swiss Steel selects Metalshub as procurement platform

Published: 01 Apr 2021
Swiss Steel selects Metalshub as procurement platform

Swiss Steel has selected cloud-based platform Metalshub for its raw material procurement activities, Kallanish hears from the maker of special bar qualities. Metalshub will be used for purchasing a significant proportion of raw materials and will be integrated with the existing ERP system of Swiss Steel’s four European business units, Ascometal, Deutsche Edelstahlwerke, Ugitech and Steeltec. The

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E-commerce platform Metalshub facilitates cross-border financing

Published: 05 Mar 2021
E-commerce platform Metalshub facilitates cross-border financing

Metalshub, the German-based trading platform for ferroalloys, has completed a pilot-run of its in-house trade finance solution between a Belgian and a Czech entity. This means it will soon be possible to securitise and transfer trade receivables of transactions that were concluded on the Metalshub platform, Kallanish understands. In the form of electronic promissory notes, eNotes, the

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Saarland mills join ferroalloys platform Metalshub

Published: 17 Feb 2021
Saarland mills join ferroalloys platform Metalshub

SHS Group, the holding for Saarland mills Dillinger Hüttenwerke and Saarstahl, has entered into a long-term cooperation with e-commerce platform Metalshub. Since the beginning of the year, SHS has concluded a large number of contracts for the raw materials procurement of the two mills via the digital platform. Düsseldorf-based start-up Metalshub trebled the volume of

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Ferroalloys’ e-platform Metalshub reports surge in transactions

Published: 23 Jan 2020

The Dusseldorf-based e-commerce platform for ferroalloys Metalshub, generated €100 million ($111m) of legally binding contracts concluded over the platform in 2019. This is around five times the volume traded in 2018, Kallanish learns from the company. Metalshub was founded in late-2016 by former Anglo American executives Frank Jackel and Sebastian Kreft. In December last year, it completed

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