RecycleMatch started with a strong belief that the web based technologies that have dramatically changed other industries could be leveraged to make the massive $500 Billion global recycling markets more efficient. If the right buyers and the right sellers for any material can be connected, both experience better value. We have proven case studies that illustrate the effect both with high value materials that have sold for prices that surprised sellers, and with landfill diversion challenges that went from being a needle in a haystack to successful recycling programs.
Today, large generators like Shaw Carpets and the US Army sell their bulk recyclables on their own online marketplaces which are driven by our technology. These organizations run more consistent, competitive sales processes resulting in the highest possible price. For example, when Shaw went from their manual bid process to our online bid process they experienced a 56% lift in price per lb in an apples to apples comparison. While not all examples are that dramatic, high value materials typically get seen by hundreds of buyers and receive bids from dozens of buyers who submit multiple competitive bids. Intuitively, this is better than calling a few people or sending out a few emails to get quotes. Beyond supporting their materials marketing and sales process, RecycleMatch’s platform also provides a back-end accounting, tracking and reporting system that was built for the unique nuances of the recycling industry. Better data and reporting make it easier to identify bad contracts, unauthorized fees or adjustments and other inefficiencies that have slid through the cracks in the past.
Sellers know their markets, and not surprisingly know good buyers. This service does not disrupt those relationships, but it does keep them honest. We have a database of over 6,000 buyers and have gotten great feedback that buyers love the service and are anxious to see more sellers taking advantage of it. Buyers receive alerts when materials they need become available. RecycleMatch gives them access to materials they would have never found otherwise, and reduces their sourcing costs, which means they can put that extra savings into higher bid prices.
Unlike other online marketplaces, we do not act as a broker and do not charge hidden buyers premiums or reserves. Instead, sellers pay a flat subscription rate for the service. We have found that large generators get the ROI back in the form of best possible prices for their materials as well as in generating better reporting and insights from fewer hours of data management.
We also maintain a ‘public marketplace’ which offers a very limited version of the online marketplace service to smaller companies who may have one or two items to sell. Our future vision includes the merging of the two concepts. However today, they operate separately.
RecycleMatch is based in Houston and Austin, Texas. RecycleMatch was honored to be named Entrepreneur Magazine’s Most Brilliant Ideas, as well as to be selected by Capital Factory accelerator program in Austin and the PopTech Fellows Program in Camden, Maine. In our first year as a start-up, we came in second to a little company called Siri at SXSW’s Startup Accelerator competition. (You probably have met her by now.)
RecycleMatch is a woman-owned company.