Online export platform 1Export said that it has surpassed the P25 million revenue in 2020 and is now looking at increasing it to P500 million in 2022.
“It is an ambitious target that we believe is scalable but we are confident that we will be able to do it,” said Daniel Remo, COO, 1Export. “As of July, we are already within the neighborhood of P40 million in revenue and we have surpassed our revenue for the whole of 2020.”
1Export is an end-to-end online platform that helps micro, small, and medium enterprises (MSME) go global. It helps entrepreneurs with compliance requirements (from barangay level to other relevant government agencies), market, and sell their products in different countries.
1Export offers all-around exporting services, covering compliance documentation, product labeling, logistics, export facilitation, and marketing services. The company also provides its clients with intensive business matching services to determine which of their products fit certain markets. By doing so, local businesses can seamlessly expand abroad, boost their brand awareness, reach their target market, and grow their sales. Through its comprehensive services, 1Export has been able to reduce time and costs by 80% for export.
1Export is also banking on fresh investments poured into the company that will allow it to scale its capabilities as well as the headcount.
“We want to be able to expand our base here in the Philippines by onboarding more MSMEs,” Remo said. “We believe that the solution (we offer) is not something that is limited to the Philippines. It’s not a uniquely Philippine problem but something that can be explored across Southeast Asia.”
1Export will be opening offices in Indonesia soon to replicate the model they introduced in the Philippines.
While it sets its sights on the region, 1Export remains committed to helping Filipino MSMEs. Remo said that 60% of its clients or producers come from the Greater Metro Manila and nearby provinces while 40% are spread out in the Visayas and Mindanao, where many Philippine products exporters are based.
“With the government making an effort to encourage exporters to continue, we want to take advantage of that to reach more clients,” Remo said.
1Export’s B2B2C venture Caravan will enable it to achieve its target of establishing its presence in 60 countries. Currently, it has markets in Australia, Canada, Kuwait, United Arab Emirates, the United Kingdom, and the United States.
Categories: Business Features