VINEX is a global B2B marketplace for wine professionals, delivering supply-chain innovation. Recently, it launched VINPay, an industry-first fintech service customised for the wine industry, providing wineries with guaranteed payment and increased access to capital liquidity.
VINEX is a digital wine trading platform that efficiently connects buyers and sellers to source and offer wines, sample, negotiate and execute contracts.
Before VINEX, the industry lacked innovation and we believe it was overly reliant on regional brokers with no independent and credible market reporting, nor customised wine payments service.
Since 2016, VINEX has traded more than 115m bottles of wine in 26 countries, generating revenue through fees for trades executed, plus fulfilment and continuing supply fees. We've grown monthly visitation of 3,200 users, with buyers sourcing and sellers offering on average 80m litres of wine each month, from 16 countries.
29.2bn litres of wine was produced in 2018, with 24.6bn litres consumed. VINPay aims to become an important wine payments service - a platform that pays wineries in 3 days from dispatch, rather than them waiting 90+ days, and removes non-payment risk.
Now VINEX is poised to accelerate it's 2nd supply-chain innovation by increasing the industry's capital liquidity, to take advantage of the wholesale wine market, which is set to top US$381bn in 2021 with an AGR of 8.51% (CAGR 2021-2025).
VINPay has already started processing invoices, making and receiving payments from 7 countries and is now ready to boost marketing and accelerate its growth. Support VINEX to help wineries invest back into their growth, and flourish.