Vendedy’s Disruption in 3 Months!

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In March 2014, the founder joined 1000 students selected as global change makers. In September 2014 Vendedy was invited to the 10th annual meeting as a Poverty Alleviation initiative. Established in 2005 by President Bill Clinton, (CGI), convenes global leaders to create and implement solutions to the world’s most pressing challenges.
Partnership with IBM
After pitching the Head of IBM Global Citizenship in Brazil, the founder was recommended to apply to IBM’s Global Entrepreneurship Network. By July 2014, the partnership was completed in London. Vendedy now has a 3 year agreement with IBM to utilize its cloud, data, and equipment resources to provide this global solution for 150+ countries.

Vendedy Startup Enters a Partnership with IBM

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What started as a student blog conversation about digitizing the street vending industry is now a street art movement for the rural poor. Dubbed the emerging “Etsy of the Caribbean” and the future “Ebay for Street Vendors”, the 3 month startup positioned itself as the first mobile bidding marketplace for street artisans in the world.

The aim is to digitize the street vending industry within the next 5 years. That means creating an e-commerce platform for 2 billion street vendors across the globe using data, cloud and mobile technology.  The company actively searched for corporate partners to scale out its mobile technology during its early stages and caught the attention of IBM Brazil representatives during a pilot tour. The founder, Christine Souffrant, pitched  the business model to the Head of IBM Global Citizenship and was then recommended to apply to IBM’s Global Entrepreneurship Partnership Network.

By July 2014, the partnership was completed.

Vendedy now has a 3 year agreement with IBM to utilize its cloud, data, and equipment resources to provide this global solution for 150+ countries.

Beta versions of for each market country will be released in 2015. A soft launch begins in Haiti this fall.

Please direct inquiries and requests for collaboration at infovendedy@gmail.com.

Vendedy’s Involvement with the Clinton Global Initative

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In March 2014, the founder of Vendedy entered a global competition to join 1000 university students selected as global change makers. Christine Souffrant shared her personal vendetta against the exploitation of 2 billion street vendors around the world and traveled from Dubai to Arizona to join the network.

As a child, she witnessed the struggles her family faced shuffling from street corners to flea markets to survive and knew that technology can change this reality for billions around the world.

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It was an incredible experience.By June she officially incorporated Vendedy with a simple concept: a social enterprise start-up destined to digitize the street vending industry by connecting global consumers to remote street artisans using mobile technology. Christine  returned back to Haiti to pilot her idea with 60 artisans in the capital.

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The founder was invited to the 10th Annual Global CGI meeting in September post the pilot to provide updates on Vendedy’s Poverty Alleviation initiative.

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To learn more about our involvement or to support our efforts, please reach us at infovendedy@gmail.com.

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About the Clinton Foundation: 

Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 180 heads of state, 20 Nobel Prize laureates, and hundreds of
leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, members of the CGI community have made more than 2,900 commitments, which are already improving the lives of more than 430 million people in over 180 countries.

Mobile Bidding E-Commerce Announcement

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Hello followers of the Vendedy movement.

We are pleased to announce that in partnership with IBM and CGI affiliates,

Vendedy will launch a beta version of the Mobile Bidding Martketplace for Street artisans this November with artisans from Haiti.

Pre Orders for items on the platform will be released on Monday.

Starting January 2014 we will announce the release of artisan products from 20 Caribbean countries.

Announcements for products from South America, Central America, Africa and Asia will be in Spring 2015.

Stay tuned!

Yours Truly,

The Vendedy Startup Team.

Women Trail Blazers of of the Ivy League Support Vendedy

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Its amazing to see the powerful movements that spark when female trail blazers get together!The founder Christine Souffrant launched Vendedy earlier this year and was a 2011 graduate of Dartmouth College. She reached out to her networks and immediately yielded the support of four phenomenal women of Dartmouth/Tuck affiliations:

  • Shayla V Mars, a graduate of Dartmouth and the current class president is one of the founding team members for the start-up.
  • Daphnee Charles was one of the Haitian students admitted to Dartmouth post the earthquake in 2010 and completed the Tuck Business Bridge program in 2012. She currently leads on the ground coordination for Vendedy pilots in Haiti.
  • Deborah Hope, one of the first female graduates of Dartmouth supported the pilot in Haiti this past September.
  • Kiki Keating, founding director of the Public and Media Relations office at Dartmouth College’s Tuck School of Business and current founder of the Kiki Network

The start up is still on boarding the support of its Ivy League alma mater and will provide updates soon!

About Vendedy

Vendedy is the first mobile bidding marketplace for street artisans in the world. For the first time, one can upload photos of their work onto online galleries via mobile technology, await consumers to bid on their work within 3-7 day time intervals, drop off their products at drop off centers and finally receive payment via sms message once the order is delivered. Consumers can now access rural poor artisan designs that come with a story from over 150+ countries. In partnership with IBM and affiliates of the Clinton Global Initiative, we are launching a global e-commerce platform for the rural remote poor.

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The First E-Commerce Platform for Street Vendors

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Launched as an idea from a student blog, Vendedy is a 3 month social enterprise start-up that has exploded onto the global market as a grassroots movement for poverty alleviation efforts across Latin America.

Through its partnership with IBM, the startup will release a beta version of the platform in November 2014 with artisans from Haiti before scaling to artisans from 150+ countries in the next 5 years. Consumers from all over the world can now bid and purchase the most unique hand made items with just one click.

Beta Launch is November 2014.

Full Roll Out begins February 2015.

Follow the movement on Facebook or via the blog: Vendedy.com.

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How the Urban Poor Will Disrupt the Future Online Market

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A Disruptive Movement That Will Change Millions of Lives

Vendedy is a social enterprise startup that aims to create the first globally disruptive online bidding market that connects consumers to remote street artisans. Artisans on our platform upload their work via our mobile phone application, consumers bid on the items online and our local female agents ship items using our SMS tracking system. Imagine – you as a consumer can now have direct access to the most unique handmade designed products such as: jewelry, accessories, clothing, canvas paintings and more just with one bid. Not only will you connect with items of incredible value, but you can also connect with the artisans, hear their stories and have the opportunity to visit them during one of our global pilot tours. Are you ready to #DisrupTheNorm?

Why We Do It? 

The reality of global poverty hits closer to home than ever before thanks to the internet. As of 2014, there are 7.1 billion people on the planet and half of them live on $2.50 a day. This harsh truth has initiated thousands of poverty alleviation initiatives but explosive impact is not easy to come by. We need practical solutions that incorporate the input of those in destitute poverty to see transformational progress.

Why Haven’t We Considered Street Vendors?

Street vending is perhaps the most natural solution to poverty alleviation. It is estimated that 2 billion street vendors contribute to a $10 trillion dollar global shadow economy.   Street vending is the most immediate and dominant form of income generation for the urban poor. Many of the street vendors of the world are handcraft makers who create the world’s most beautiful gems with no training; just shear innate talent guided by cultural traditions.  Once an individual has honed their craft making abilities, they have the power to create products and sell it to passerbyers. Unfortunately, the greatest challenge for street artisans is that they are dependent on inconsistent tourists and middlemen wholesalers who leverage power on profit and pricing of their work. Street artisans need global visibility and sustained income streams. With sustained incomes, the transition from poverty to a modest standard of living becomes a reality. The success of this endeavor on a global scale will revolutionize global economies by using the street vending industry to eradicate poverty.

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A Proven Concept

Ebay was the first disruptive online platform for individuals to market and sell their goods. Etsy was the first disruptive online platform for artisans of the developed world. What will be the first disruptive online platform for artisans of the developing world? Vendedy is that platform! Currently there are thousands of pocket initiatives, organizations and websites that promote and sell rural artwork but a globally connected online mobile platform did not exist…until now.

Join our movement (#DistrupTheNorm) and follow us on Facebook: Vendedy. 

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