Startup of the week – PriceFlux

Published in Nov 7, 2019

How and when did the idea of ​​your startup arise?

We are a team of experienced eCommerce and software development professionals, with over 10 years of experience in developing eCommerce solutions. The idea for PriceFlux came 2 years ago, while working with online stores for software development and noticing the issues they faced due to a lack of a proper and accurate price monitoring and automating solution.This is how we started developing the PriceFlux platform and it has been received very well by online retailers even since we were in Beta.

Which problem does your company want to solve?

As online stores become bigger, the demands and complexity for price monitoring mount. Systems that used to work become increasingly inefficient and break down. When simple tasks like reporting, product documentation or dynamic pricing take more time and attention from employees, time spent on what’s important for development is sacrificed.
Setting and automating the right pricing strategy saves time and thousands in expenses or potential losses. Our aim is to offer clients custom pricing and stock reports, in real time, helping them make the right repricing decisions and automate the whole process.

Which is your value proposition?

PriceFlux is the most comprehensive online price monitoring and pricing automation tool for small to large online retailers.

Why is Data so important for your business?

Our whole business model is based on leveraging huge amounts of data (hundreds of thousands of products and prices in real time) and putting it in the hands of our clients in a faster and simpler way.

Which are the main benefits of using your products/services?

We offer clients real-time pricing and stock reports and competitor analysis, helping them make the right repricing decisions and automate their pricing strategy.

Which are the main challenges that you are facing today? 

Our main challenge and objective is educating the public in embracing automation tools instead of manual labour. Only through automation will online stores be able to grow properly and keep competitive in this evolving market.

What do you expect from Data Market Services?

We expect to continue to receive support and information on different aspects concerning the growth of a startup and international expansion.

Have your startup recieved some awards or recognitions?

We have received the Best Startup Award, after our pitch at Demo Nights by How to Web.

Links to news or articles related to your Startup