Start-ups in retail technology are growing and Retail Week is highlighting some of the best. This week Veeqo is in the spotlight.

Venstr is a website that allows retailers to find exclusive deals offered by various suppliers and give their services a star-rating.

Venstr is a website that allows retailers to find exclusive deals offered by various suppliers and give their services a star-rating. Co-founder Siobhan Bales explains more

Key facts

Founded: March 2015

Investment: Successfully secured seed investment in 2014 to create Venstr.

Founders: Siobhan and Stephen Bales

What it does

Venstr is an ecommerce platform designed to allow online retailers to find trustworthy suppliers for categories varying from fulfilment and shipping to web solutions and wholesale at competitive rates.

Suppliers are able to offer deals exclusively on Venstr’s platform, giving them great exposure to online retailers.

In return, retailers are able to give suppliers they have connected with through Venstr a performance rating which appears on the website.

“Venstr allows retailers to give vendors a star-rating, meaning prospective buyers will be able to make a more informed choice over where to source their goods and services” says co-founder Siobhan Bales.

What problem for retailers does the technology solve?

Online retail is continuing to gain momentum in the UK market and the need for efficient and reliable suppliers to meet customer demand is crucial. Venstr’s services allows online retailers to save time by finding reliable suppliers for their various business needs through a single website.

Venstr’s website also enable suppliers to list offers and deals for retailers that are exclusively available on their website, enabling retailers to save money without having to sacrifice quality.

The rating system on their website also ensures that dependable suppliers are rewarded for their efforts.

“Venstr’s fair algorithm positions suppliers according to their review feedback and quality of deals” says Bales.

“With no advertising, all suppliers achieve higher rankings through merit.”

More information: https://venstr.com/