cloudBuy signs contract to power new FSB online marketplace

Aug 24, 2016

FSB’s Marketplace will enable their members to buy and sell online and showcase UK smaller business’ goods and services around the world

August 24th, 2016: cloudBuy plc, the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, is pleased to announce that it has signed a contract with FSB to provide the technology that will power a new online marketplace for FSB members. The FSB marketplace will enable members to trade with each other securely and cost effectively and will allow both consumers and business buyers to buy goods and services directly from FSB’s trusted member network. The marketplace will also act as a showcase for the goods and services of innovative smaller businesses to larger organisations and overseas buyers.

Dave Stallon, Commercial Director, FSB said, “The new FSB marketplace will provide a significant added benefit to members. The marketplace will not only support B2C product sales but also enquiries, booking and payment for services and complex B2B transactions. Connecting members to trade online will provide advantages for both the buyers and suppliers, reducing transaction costs, increasing order accuracy, and improving customer satisfaction. The FSB marketplace also has the potential to act as a global shop window for leading-edge products and services from the UK.”

Lyn Duncan cloudBuy CEO said “cloudBuy is really excited to be working with FSB on this initiative. The FSB marketplace will provide UK smaller businesses increased opportunities to buy and sell their goods and services online which might not have been affordable for them before. Members will also have the option to take a full cloudBuy e-commerce website and will find it easy to connect to other cloudBuy sector-specific marketplaces where appropriate. cloudBuy brings a wealth of experience to this endeavour following e-marketplace projects in India and South East Asia.”

The FSB marketplace will be configured and customised over the summer followed by FSB member on boarding. There will be no registration or subscription fees for FSB members to join the marketplace and list their products and services. There will be a very competitive fee per transaction making it a genuine “pay as you earn” online sales portal for FSB members. The launch of the FSB marketplace is planned for early 2017.

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