Costeny Launches “Tinder for B2B Buyers” – Revolutionizing Procurement with AI & Swiss Data Sovereignty
Lausanne, Switzerland – In a move poised to disrupt the $1 trillion B2B procurement landscape, Swiss startup Costeny has officially launched its AI-powered platform, playfully dubbed the “Tinder for Buyers.” This innovative SaaS solution promises to dramatically accelerate the tendering process, enhance transparency, and prioritize data security – a growing concern for businesses globally. This is breaking news for companies seeking to streamline their purchasing of everyday business essentials.
The Problem with Traditional Procurement
For decades, B2B procurement, particularly for ‘Category C’ goods – those standard, daily consumables like office supplies, cleaning products, and basic equipment – has been a notoriously slow and often opaque process. Traditional methods rely heavily on manual paperwork, lengthy negotiation cycles, and a lack of real-time visibility. This inefficiency translates to wasted time, increased costs, and potential for bias in supplier selection. According to a recent report by Deloitte, inefficient procurement processes can eat up as much as 5-10% of a company’s revenue.
How Costeny is Changing the Game
Founded in October 2024, Costeny tackles these challenges head-on with its unique approach. Co-founder Imbert-Virp explains, “Costeny is like the Tinder of Buyers.” The platform allows buyers to input their specific criteria – price, delivery timelines, origin of goods, and even Corporate Social Responsibility (CSR) standards – and then automatically launches a tender. Crucially, suppliers respond anonymously, eliminating potential biases and fostering objective decision-making. This blind bidding system levels the playing field, allowing smaller, innovative suppliers to compete effectively alongside established industry giants.
AI-Powered Matching with Nexus
At the heart of Costeny lies its proprietary AI engine, Nexus. Unlike solutions that tack on AI as an afterthought, Costeny has built its platform with AI from the ground up. “We are not doing AI and then purchase, we make the purchase with AI,” emphasizes the co-founder. Nexus intelligently categorizes requests and rapidly connects buyers with the most suitable suppliers. The platform then centralizes all supplier responses in a user-friendly dashboard, providing a clear audit trail and demonstrating the fairness of the selection process.
Data Sovereignty: A Swiss Advantage
In an era of increasing data privacy concerns, Costeny distinguishes itself with a strong commitment to data sovereignty. All data is hosted within Switzerland at Infomaniak, a leading provider of secure and sustainable cloud services, ensuring compliance with stringent Swiss data protection laws. The company explicitly states it does not monetize user data and conducts automated checks on supplier certifications, further bolstering trust and transparency. This is a significant differentiator, particularly for companies operating in highly regulated industries.
Seamless Integration with Existing Systems
Recognizing that businesses are reluctant to overhaul their existing infrastructure, Costeny offers seamless integration with popular Enterprise Resource Planning (ERP) systems like SAP and Microsoft Dynamics via API. This eliminates the need for costly and disruptive system replacements, accelerating adoption and maximizing ROI. This strategic move positions Costeny as a practical and accessible solution for businesses of all sizes.
Early Results & Future Expansion
Costeny has already demonstrated impressive results in pilot programs with hospitals and various companies, reportedly reducing purchasing operations from over 2.5 hours to just 7 minutes. Early adopters praise the platform’s significant time savings and improved transparency. With a current team of five, Costeny is now setting its sights on international expansion, planning to establish offices in 14 countries by the end of 2026. This ambitious growth strategy signals the company’s confidence in its disruptive technology and its potential to reshape the future of B2B procurement. The company’s focus on a flexible subscription model combined with a small transaction commission further enhances its appeal.
Costeny isn’t just building a procurement platform; it’s building a more efficient, transparent, and secure future for B2B purchasing. For businesses looking to unlock significant cost savings, streamline their operations, and prioritize data privacy, Costeny offers a compelling solution that’s rapidly gaining traction in the market. Stay tuned to archyde.com for further updates on this exciting development and other innovations in the world of business technology.
