We are thrilled to welcome to the GTEC NO BULLSHIT LAB a new startup! This time, MagaLoop is the next company that will take advantage of all the help GTEC provides to startups and scaleups through the NO BULLSHIT LAB – say hi to Uwe Hoelzer, CEO of MagaLoop, Michael Högemann Pütz, and Luca Ongaro.
MagaLoop connects independent traders (small and medium shops) with each other, and with FMCG (Fast Moving Consumer Goods) industry players and wholesalers. Doing this, they seek to strengthen these companies’ position to better compete against modern retail: MagaLoop bundles their demands and organizes them towards the industry, providing better assortments, better prices & terms and thus more revenues and increased profitability.
For industry partners, MagaLoop substantially decreases their cost to serve this segment, and provide them with complete, real-time point-of-sale data from other traders. MagaLoop’s unique technology solution connects seamlessly into existing legacy systems at traders, offering them with the functionality of a modern EPOS cashier system an literally no cost.
The team of MagaLoop has no doubt that they made a great decision applying for GTEC’s No Bullshit Lab. They decided to give it a try because they love to work in close contact with other inspiring people and being part of a network of entrepreneurial minds. Sharing an office with other other startup companies means more value to them in terms of network and knowledge exchange, and also an opportunity to give something back too, and add their own experience and perspective to the GTEC family.
For us is an absolute pleasure to welcome yet another company solving a global problem for many other companies out there and we can’t wait to see the results that our offering will bring to the team and customers of MagaLoop. Stay tuned for more news coming from them joining our weekly newsletter!