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Small and medium-sized businesses as well as mid-sized companies face many obstacles in the successful management of their purchases. The lack of dedicated resources and the opacity of prices in the B2B market make it difficult to negotiate optimal conditions. Freqens provides a concrete solution to this problem by offering a trading intelligence platform based on real-time price benchmarks.
This solution allows companies to centralize their supplier data, compare their purchasing conditions with market references, and identify savings opportunities. Users can analyze price variances, track their contracts, and optimize their purchases, even with limited teams. Thanks to an intuitive interface and anonymized data, Freqens provides access to strategic insights usually reserved for large groups with purchasing departments.
By facilitating internal collaboration, Freqens wants to encourage a culture of informed purchasing within companies. Teams can make decisions based on reliable data, share best practices and optimize negotiations, while gaining efficiency. This approach not only improves financial results, but also increases transparency and accountability in spending management.
Last July, Freqens launched its product in beta, after raising 3 million euros from investment funds and business angels. This funding round, led by SEEDCAMP, KIMA VENTURES, SEQUOIA, and MOTIER VENTURES, also benefited from the support of business angels such as ALEXANDRE YAZDI and JONATHAN WIDAWSKI.
