The CEO of re.life, the UAE-based digital trading and logistics ecosystem, says winning its latest awards at the MEA Business Awards demonstrate the impact it is having in the market.
Founded as a next-generation digital ecosystem, re.life develops smart platforms that aim to simplify B2B and B2C transactions, as well as provide individual users better access to services.
re.life market is the company’s second platform, which has set a new benchmark for the recyclables trading industry. As a virtual marketplace for recyclables trading, the platform eliminates the middleman between buyers and sellers, saving time, and offering a transparent bidding process. Currently, re.life market connects buyers and sellers of recovered commodities, including cardboard and paper; glass; ferrous and non-ferrous metals, aluminium and light metal scrap, plastic, rubber, textiles and wood.
The firm’s solutions have won three separate awards as announced within the first quarter of the year, including MEA Business Awards recognising re.life as the ‘Innovative Tech Solution of the Year’ for 2021 for re.life collect, a platform that is “uberising logistics services” by connecting users with reliable drivers, trucks and moving personnel, on-demand or at a defined time.
Salim Sultan Al Owais, CEO of re.life, commenting the triple win said: “These awards recognise the transformative impact that re.life collect and re.life market are having. I’m proud that we are realising our vision to reimagine the way people can live, work and offer the next level of convenience through our platforms.”
re.life also picked up the Innovation and Excellence Awards 2022 for the re.life B2B marketplace which enables online recyclables trading, “Specialist Trading Solution of The Year”. Additionally, Build 2021 Recycling & Waste Management Awards awarded re.life market with “Best Recyclables Trading Solution” of 2021.
Since its launch in June 2021 , re.life market has seen an exponential increase in user traffic by onboarding more than 200 buyers and sellers, which the re.life CEO attributes to the unparalleled convenience, accessibility and market visibility.
“re.life market is designed to be a transparent and convenient one-stop destination for all recyclables trading activity. It connects motivated buyers and genuine sellers, while offering real-time visibility on the market landscape and commodity prices. Through the platform, buyers have been able to purchase commodities that are in short supply in the traditional market.
“Similarly with bid transparency, sellers have been able to command good prices for their commodities, often at higher prices than the market average depending on demand,” Al Owais concluded.
The awards recognise the growing user base and demand for a platform like re.life market, which has led re.life to further develop and scale its platform for entry into new territories. “Recyclables traders everywhere need a solution that enables a smooth, hassle-free trade. We believe re.life market is that solution. We are currently exploring replicating the platform’s success in the UAE to new markets such as India,” the re.life CEO added.
Prior to re.life market, the company had launched its inaugural platform, re.life collect, which connects individuals and businesses with expert movers and transportation companies in the UAE using live tracking technology. Individual users can use the app to move homes, accessing the full scope of moving and packing services on-demand or at a specified time.
For businesses and enterprises, re.life collect offers the “Move” service or “Renting-A-Truck”. The Move service allows enterprise clients to move heavy, bulky items from one location to another, with various sizes of trucks available depending on the shipment. Alternatively, Enterprise clients can also Rent-A-Truck for a whole day to streamline and complete shipments, offering a cost-effective alternative to buying or leasing their own fleet.
Al Owais said, “Both re.life collect and re.life market have disrupted their industries. re.life collect provides the next level of access when it comes to moving goods, for individuals as well as businesses, saving time, money and effort. Similarly, re.life market is resolving all the major pain points of buyers and sellers in the recyclables trading industry, proving itself as a solution that is becoming more and more essential for trading activity.”
“As re.life, winning prestigious awards such as these inspires us even further. We are committed to further enhancing the re.life market and re.life collect platforms and in turn improve lives, businesses and society through digital transformation. Not just in the UAE, but across the Middle East and beyond.”
