Factory UA
Date of Foundation
2022

Factory UA

Ukrainian Manufacturing B2B Marketplace

The Idea origin story

OK Factory is a platform for showcasing Ukrainian products to the global market. Acting as a B2B marketplace, it connects local manufacturers with international buyers, aiming to stimulate economic growth and employment in Ukraine. Through this initiative, OK Factory highlights exceptional Ukrainian craftsmanship while fostering resilience and unity among industries during uncertain times.

The Mission

Vision: Elevate Ukrainian products to global prominence. Mission: Facilitate B2B connections, boost exports, and catalyze economic growth for Ukraine through OK Factory.

Clients

Our customers are global businesses seeking quality Ukrainian products, ranging from industrial equipment to agri-products, via our B2B platform for efficient sourcing and trade.

Problems we solve

Client’s problem

Your startup could solve the problem of accessibility and visibility for Ukrainian manufacturers to international markets, inefficient sourcing process among businesses and uplift Ukraine's presence in global trade.

Confirmation of problem

global businesses struggle with logistical and linguistic challenges when sourcing products from Ukraine.

Solution

We offer a comprehensive B2B marketplace connecting global buyers with high-quality Ukrainian products, simplifying sourcing, logistics, and communication.

Our technologies

This solution is based on technologies

Our solution integrates big data for trade market analysis and CRM systems for sales, enhancing efficiency and strategic decision-making.

How it works

Our solution connects Ukrainian manufacturers with global markets, simplifying transactions and ensuring quality. Buyers can efficiently source varied products.

Value for the client

OK Factory simplifies sourcing Ukrainian products, saving time and costs while eliminating language and logistics barriers.

Market and strategy

Market size

41000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

3

% of the market

Is our goal in the next 3 years

Team

My name’s

Oleksandr Kalonov

My key role in the product

Your key role is leading OK Factory. You're responsible for guiding strategy, fostering partnerships, and overseeing operations.

Team size and key members

Consider adding a financial strategist for monetary direction, legal advisor for compliance issues and a data scientist to help drive strategic decisions.

Competitors

Competitors

Offshore manufacturing firms could be your competition. They may offer similar products at a lower cost due to cheaper labor costs or established supply chains. Other competitors could potentially come from big ecommerce giants, that could extend their operations to include B2B functionalities for international trade.

Our Advantages

OK Factory excels with a unique emphasis on verified Ukrainian products & multi-language support. We personalize services, leverage data insights and prioritize quality to enhance market value & buyer-seller experience. Our distinguishing features set us ahead of competition.

Business model

We generate revenue through a commission-based model. Clients pay up to 10% of the product price and factories can subscribe for additional marketing services, creating multiple revenue streams.

Traction

Boosting our product catalog with the top 1000 exports and premier exporters, now available in 10 languages, has doubled organic traffic growth over six months. This enhancement delivers an impressive average of one lead daily.

As our funding utilization nears an end, we predict remarkable market strides, broader customer outreach and prosperity through new revenue avenues for sustainable growth.

Metrics

We follow a set of key metrics including MAU, which saw 25% growth in six months. AOV is up by 15%, and there's been a positive fall in CAC — down to -10%. We have successfully kept the churn rate under control at less than 5%.

In the past year, our company has experienced strong growth and expansion in products and facilities. Despite optimizing operating costs, additional funding is needed for business development, marketing, sales to boost revenue from product sales and facility subscriptions.

Incorporation

Our company incorporated in

Estonia and Ukraine

Key risks

Major risks could include changes in export regulations, potential supply chain disruptions, competitor emergence, factors affecting international trade relations, platform security breaches and translation inaccuracies leading to miscommunication.

Investments

$

25000

We raised investments

Our Investors

The initial investments where founders funds, family and friends that supported the project, considering the previous experience of the team and the huge potential of this project

Rising Investments

$

1000000

Currently, we are raising investments

$

10000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

Read

Additional information

OK Factory is transforming Ukrainian exports with innovative technology, linking manufacturers to global markets, verifying factories and fostering economic growth worldwide.

MVP