Distichain Company Profile

Background

Overview

Founded in 2019 and headquartered in Abu Dhabi, United Arab Emirates, Distichain is a pioneering TradeTech company dedicated to digitizing global B2B trade. Leveraging blockchain and artificial intelligence, Distichain offers a cloud-based platform that automates and secures international trade processes, aiming to simplify cross-border transactions and empower businesses of all sizes.

Mission and Vision

Distichain's mission is to enable seamless, transparent, and efficient global trade by providing a fully integrated digital platform. The company envisions a future where B2B marketplaces are seamlessly integrated into operations through strategic partnerships, offering businesses across various sectors streamlined trade processes and significant growth opportunities.

Key Strategic Focus

Core Objectives

Digitization of Trade: Transforming traditional, manual trade processes into automated, digital workflows.

Integration of Services: Providing a unified platform that incorporates verification, payment, logistics, and inspection services.

Empowerment of SMEs: Enabling small and medium-sized enterprises to participate in global trade with ease and confidence.

Areas of Specialization

B2B Marketplaces: Offering white-labeled, customizable marketplaces tailored to various industries.

Supply Chain Automation: Streamlining supply chain operations through digital solutions.

Trade Finance: Facilitating access to trade finance options for businesses.

Key Technologies Utilized

Blockchain: Ensuring secure and transparent transactions.

Artificial Intelligence: Enhancing decision-making and process automation.

Primary Markets Targeted

Global SMEs: Small and medium-sized enterprises seeking to expand internationally.

Trade Authorities: Organizations aiming to digitize and streamline trade processes.

Industry-Specific Marketplaces: Sectors requiring customized B2B trade solutions.

Financials and Funding

Revenue Growth

2024: $1.8 million

2023: $1.2 million

2021: $980,000

Funding History

Total Funds Raised: Approximately $940,000

Notable Funding Rounds:

August 2021: Seed Round

April 2020: Seed Round

July 2019: Pre-Seed Round

Notable Investors

MetLife Foundation: Provided equity-free investment as part of the Finance Forward MENA 2020 program.

Utilization of Capital

Funds have been allocated towards platform development, expanding service offerings, and forming strategic partnerships to enhance global trade facilitation.

Technological Platform and Innovation

Proprietary Technologies

Blockchain-Enabled Trade Engine: Automates the complete trade process, ensuring security and transparency.

Significant Scientific Methods

Artificial Intelligence Algorithms: Utilized for decision-making, process automation, and enhancing user experience.

Leadership Team

Haisam Jamal: Founder & CEO

Alberto Lobrano: Co-Founder & Chief Technology Officer

Saeed Issaq: Strategic Partnerships

Lynn Itani: Marketing & Business Development

Competitor Profile

Market Insights and Dynamics

The global TradeTech industry is experiencing rapid growth, driven by the need for digital transformation in international trade. The market is characterized by increasing demand for secure, transparent, and efficient trade solutions.

Competitor Analysis

Mirakl: Provides a SaaS platform for B2B marketplace creation.

Uppler: Offers B2B e-commerce solutions for various industries.

Spryker: Delivers a commerce operating system for B2B and B2C businesses.

Tradeshift: Provides a platform for supply chain payments and marketplaces.

Strategic Collaborations and Partnerships

ShipChain: Partnered to enhance logistics capabilities and provide end-to-end visibility in trade processes.

Verofax Asia: Collaborated to create a digital ASEAN B2B cross-border trade platform.

GMEX Zero13: Integrated carbon offset solutions into the trade platform to promote sustainable trade practices.

Operational Insights

Strategic Considerations

Distichain differentiates itself through its comprehensive, blockchain-enabled platform that integrates various trade services, offering a seamless and secure trading experience. Its focus on empowering SMEs and facilitating cross-border trade positions it uniquely in the market.

Strategic Opportunities and Future Directions

Strategic Roadmap

Expansion into New Markets: Targeting sectors like agriculture to digitize exports and empower farming communities.

Enhancing Technological Capabilities: Continuing to develop and integrate advanced technologies to improve platform functionality.

Strengthening Partnerships: Building alliances to expand service offerings and market reach.

Opportunities for Expansion

By addressing the needs of underserved markets and sectors, Distichain aims to broaden its impact and drive further growth in the digital trade ecosystem.