Recyclables trading app wins ‘B2B marketplace of the year’ at Tech Innovation Awards 2021

The award recognises “re.life market” for enabling hassle-free trade between motivated buyers and genuine sellers of recylables

As part of the Tech Innovation Awards hosted by Entrepreneur Middle East, re.life market has won the ‘B2B Marketplace of the Year’ award. The victory marks a major milestone for re.life, the company behind the solution, as it continues to empower individuals and businesses through a next-generation digital ecosystem.

re.life market was developed to minimise the time and effort that goes into the traditional recyclables trading process, eliminating the middleman and creating secure trade transactions. On the platform, buyers can look for all types of recycled materials, including scrap metal, plastic and mixed fibres. When a seller posts an item, buyers in that category are notified of availability and can initiate a bid. The platform verifies all users and offers a transparent bid process, so buyers can rely on receiving quality recyclables and sellers are able to command higher prices than typical industry averages.

During the awards ceremony at Raffles Dubai, Salim Sultan Al Owais, CEO of re.life, commented on the win for re.life market: “The award recognises the transformative impact re.life market is having on trading companies and its potential to become the future of recyclables trading. As a fully agile solution that resolves all the major pain points of buyers and sellers in the industry, we believe re.life market will become essential to recyclables trading in the digital era. In the future, we envision that we will have more victories like this, inspiring us to further our reach and accelerate growth in the recyclables trading industry. Not just in the UAE, but across the Middle East and beyond.”

Hosted by the Entrepreneur Magazine and organised by BNC Publishing, Tech Innovation Awards Middle East recognises the most innovative solutions in the region. It is a highly anticipated event for the technology industry. Commending re.life on the victory, Wissam Younane, CEO of BNC Publishing, said: “Despite being a new and emerging solution, re.life market has already made a significant impact for the recyclables trading industry. It embodies the power that technology can have in the B2B marketplace, accelerating growth in the industry while resolving the pain points of buyers and sellers. The re.life team has also leveraged the best technical architecture to ensure that the app is scalable to make even more impact in the future. We are excited to award the re.life market solution ‘B2B Marketplace of the Year’. Congratulations to re.life. We look forward to seeing the growing impact that re.life market will have in the recyclables trading market.”

So far, re.life market is creating a hassle-free recyclables trade experience for more than 150 commercial buyers and sellers in the UAE, facilitating more than AED 10 million in transactions every month. Companies using the platform include Emirates Recycling L.L.C, Interplast Co. Ltd., Bee’ah, Al Sifah Metal Scrap TR. LLC. and Zero Waste UAE. Since its launch, re.life market has seen a compounded growth rate of more than 700%. As the user base continues to grow, re.life market is expanding its reach across the region.