Cloud-based logistics platform Tachyon has experienced rapid growth since launching at the beginning of the year, says its founder Abdulrahman Ijaabo.
Riyadh-based Tachyon is the first logistics platform that is integrated with the Bayan platform of the Saudi Public Transport Authority (PTA). The platform gives users the ability to manage their internal or external transport and logistics operations. Users can take advantage of their entire digital solution to improve their services, save costs, and save time.
Now in its seventh month of operation, Tachyon has seen a tremendous growth in revenue, with the growing start-up ecosystem recording revenue growth of more than 50% month-on-month in the region.
“We have spent a year and a half building the technology and piloting it with different business partners,” said CEO and cofounder Abdulrahman Ijaabo. “This enabled us to reach product-market fit early on, hence witnessing healthy growth month on month.”
“Transport activities in the region are still heavily paper based and rely on multiple manual entry points. We believe that opportunities to digitize & eliminate waste is massive. Our journey is just getting started and we feel very optimistic about the future.”
He added that the platform’s rise in the revenue has been the result of Tachyon prioritising ease of use, security, and affordability, “giving actual value back to its stakeholders”.
“The fact that we experienced this type of increase in our revenue within the first seven months of operation is based on critical factors; Convenience, security, integration, traceability, and price competitiveness. those are our Unique selling proposition (USP) which we have been catering to a wide section of users. These USPs that set us apart from our competitors,” Abdulrahman Ijaabo added.
Customers can gain from a one-stop-shop solution enabled by technology, whether they are shippers, carriers, or brokers. They benefit from process improvement and significantly cut down on time and operating costs.
The company is targeting the MENA region and will soon begin operations in other GCC countries.
While these initiatives are in line with Saudi Vision 2030, the main goal of Tachyon is to provide customers with premium services and “bring positive changes” to the logistics industry. It also wants to become the preferred choice for customers for their logistics’ needs.
Beside its cloud base, Tachyon also has a mobile app, “ensuring that customers can track their orders better”.
