What is Kinnek?
Founded in 2012, Kinnek is a technology platform that provides online procurement services, aiming to improve transaction efficiency for bulk purchases by small and medium-sized enterprises.
Kinnek's development history:
-In 2012, Kinnek was founded; Kinnek raised $3 million in seed funding after graduating from the AngelPad incubator.
-In 2013, Kinnek opened its first office on Madison Avenue in New York City; Kinnek's proprietary product classification system was born, which allows for easy comparison of custom products and quotes; 300 suppliers and 6,300 small businesses joined Kinnek.
- In 2014, 800 suppliers and 10,000 small businesses joined Kinnek; Kinnek completed a $10 million Series A round led by Matrix Partners.
-In 2015, Kinnek processed more than $1 billion in bids in a year for the first time; Kinnek raised $20 million in Series B funding led by Thrive CAPItal.
-2016-2017, launch of “Kinnek Pay” (a secure B2B payment engine); launch of “Kinnek Re-order” toolkit; Kinnek named one of the 2017 Red Herring 100 Most Innovative Companies in North America.
-In 2018, the "Kinnek Catalog" was launched; the "Kinnek VisiBILity" feature was released; Kinnek was named one of the top 100 best companies to work for in New York by Crain's.
Kinnek is dedicated to connecting small and medium-sized enterprises with suppliers who offer the products they need and provide them with affordable prices. Kinnek provides these small businesses with a market catalog. Whenever small business owners need to make a purchase, they can log on to the company's website to inquire about prices. The quotations of different merchants for all specifications of products are clearly visible.
Suppliers can also choose to register on the website and then upload their product quotations for the owners to choose from. More importantly, this is just a preliminary understanding, and the two parties can even conduct further communication and bargaining on the Kinnek website.
This is the end of the introduction to Kinnek in this issue. If you want to get more information about Kinnek, please continue to pay attention~
