Frank Jackel
A digital platform to shake the metals marketplace

Frank Jackel

Co-founder & Managing Director Metals Hub GmbH

Metalshub

Supported by:

EIT RawMaterials The EIT RawMaterials is supported by the EIT, a body of the European Union

Generated funding

EUR 4 200 000

Aim

To provide players in the metals industry with a transparent and efficient digital trading platform

Start year

2016

Main product

Metalshub

The Project

  • The idea

    Metalshub provides a digital marketplace for metallic raw materials. The platform offers additional services such as logistics, credit insurance, financing, and customer due diligence. Metalshub’s high trading liquidity provides accurate and reliable price indices to the industry and supports supply chain transparency.

  • Inspiration

    The metals market was quite old-fashioned. Largely dominated by traders, it is also quite opaque and easily subject to manipulation. We wanted to change these inefficient dynamics, putting to work our experience in the sector and our disruptive spirit.

  • Unique selling points

    Our highly efficient and user-friendly platform allows participants to easily negotiate and trade. Additional services increase the rate of concluded deals. Our data are used to create reliable indices based on real offers, bids, and transactions instead of market noises

  • Societal impact

    Transparent pricing and efficiency reduce trading costs to the benefit of final consumers. In the future, Metalshub also wishes to make the origin and supply chain of raw materials traceable and display CO2 emissions for different sources of metals.

  • Venture development

    We are currently optimising the platform and focusing on active-user growth. We are working towards a venture capital- led Series A in 2021 to provide the funds for international and product expansion.

  • EIT Community support

    The EIT is the perfect bridge to leverage our disruptive innovation project at the European level.

Metalshub

The Nominee

  • The beginning

    As a metallurgist working in sales for metals, I realised that many companies in this sector focus on innovation in production but rarely in sales or procurement. My co-founder and I experienced first-hand the market inefficiencies that triggered our wish to find a game-changing digital alternative.

  • Rewarding moments

    Seeing Metalshub growing from a high-level business plan to a 26-employee company and a recognised brand is rewarding on a daily basis.

My co-founder and I experienced first-hand the market inefficiencies that triggered our wish to find a game-changing digital alternative.