Automaxis, a start-up nurtured by T-Hub said the company is poised to streamline, automate, and digitise transactions related to freight, documents and payments following the development of its flagship product, FDP Connect.
The company further added that the cutting-edge platform tackles longstanding challenges in international trade, fundamentally reshaping how businesses navigate the intricacies of global commerce.
Automaxis utilises blockchain technology and artificial intelligence to connect stakeholders in the supply chain, breaking down silos and fostering collaboration. This approach enhances efficiency and reduces paperwork in international trade.
As India gears to become the third-largest global economy, cross-border trade presents significant opportunities. The government's initiatives under the Digital India initiative and Ease of Doing Business are further paving the way for smoother international trade. Automaxis, with its holistic approach, offers a comprehensive suite of tools to guide users through every stage of the international trade process. Notably, the recent commitment by the Digital Container Shipping Association (DCSA) to transition to 100 per cent electronic Bills of Lading by 2030 underscores the urgency for digital transformation in the industry.
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A notable achievement for Automaxis is its integration with TradeTrust, MLETR compliant framework by IMDA Singapore, the company added in a statement. This partnership facilitates the digitization of crucial trade documents, including Bills of Lading, marking a significant milestone towards truly digital trade facilitation.
Pratik, chief operating officer of Automaxis, said, “We are providing a one-stop-shop for all the digital needs of the exporting and importing companies in India. Our smart tool navigates users through the total process of international trade, ensuring efficiency and compliance. Looking ahead, Automaxis projects robust revenue growth for the upcoming fiscal year, driven by growing order books and an expanding customer base.”
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Supported by start-up incubator, Automaxis gained access to invaluable resources such as industry expertise, investor connections, and potential clientele. T-Hub's mentorship and expansive network provided validation and avenues for crucial market expansion, propelling Automaxis as a trailblazer in the cross-border trade sector. T
MSR, CEO of T-HUB, said, “Automaxis exemplifies the spirit of innovation and resilience that we champion at T-Hub. Their commitment to transforming cross-border trade aligns perfectly with our mission to nurture disruptive start-ups with global potential.”
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