Panama & Dubai, UAE – May 18, 2025 

Oilplat, an innovative IT platform transforming oil product negotiations by eliminating intermediaries and commissions, today announced its strategic partnership with FasterCapital through the LaunchUp program. This collaboration aims to accelerate OILPLAT’s global market expansion by leveraging FasterCapital’s extensive resources and expertise, targeting international B2B oil trading markets with a disruptive, transparent, and cost-efficient solution.

Market Opportunity & Problem Statement
The global oil derivatives market, valued in the trillions, faces persistent inefficiencies due to costly intermediaries and opaque pricing structures. Industry participants lose an estimated USD 30 billion annually to commissions paid to traders and service providers. Despite growing demand for streamlined digital solutions, no major platform has successfully eliminated these costly middlemen while offering a comprehensive ecosystem for associated services like transport, laboratory, and insurance. OILPLAT addresses this critical gap by enabling direct, commission-free negotiations between customers and suppliers worldwide, positioning itself uniquely within a competitive landscape dominated by traditional brokers and fragmented service providers.

Startup Solution & Differentiation
OILPLAT’s platform empowers oil entrepreneurs to negotiate and transact oil derivatives and related services directly, bypassing intermediaries and commissions. Featuring a user-friendly interface accessible via mobile apps on Google Play and Apple App Store, OILPLAT offers real-time pricing, automated auction-based best-offer selection, and comprehensive transaction history analytics. The platform’s annual subscription model (USD 750) combined with a fixed operation fee (USD 800) ensures cost transparency and fairness. Intellectual property protections under the Berne Convention and global trademark registrations reinforce OILPLAT’s defensible market position. Early traction includes a growing international user base actively leveraging the platform to reduce costs and enhance operational efficiency.

FasterCapital Partnership Value
Through FasterCapital’s LaunchUp program, OILPLAT gains access to strategic mentorship, global investor networks, and tailored capital-raising support essential for scaling its disruptive technology. FasterCapital’s rigorous selection process, led by Hesham Zreik, ensures that only high-potential startups with scalable business models and innovative solutions are onboarded. This partnership is designed to accelerate OILPLAT’s go-to-market strategy, enhance product development, and expand its footprint across key oil trading hubs worldwide within the next 12-18 months.

Executive Quotes

Hesham Zreik, Founder and CEO of FasterCapital, said:
“OILPLAT exemplifies the kind of innovation that can fundamentally reshape a traditional and opaque industry. Their commission-free, direct negotiation platform addresses a multi-billion-dollar inefficiency with clear scalability and defensibility. We are excited to support OILPLAT through our LaunchUp program as they accelerate toward market leadership in global oil product trading.”

OILPLAT CEO, Vitaly Kryuchkov, stated:
“Our partnership with FasterCapital validates OILPLAT’s vision to revolutionize oil product negotiations worldwide. With FasterCapital’s strategic guidance and capital-raising expertise, we are poised to rapidly scale our platform, bringing transparency, fairness, and efficiency to an industry long burdened by costly intermediaries.”

Growth Trajectory & Future Plans
OILPLAT plans to enhance platform capabilities by integrating advanced analytics and expanding service categories beyond oil products, including food, medical equipment, and building materials. Near-term milestones include onboarding key global partners, increasing user acquisition through targeted marketing, and finalizing a USD 2 million funding round. The company aims to establish itself as the leading global B2B platform for commodity negotiations, driving industry-wide digital transformation and cost reduction.

About OILPLAT
Founded to disrupt the traditional oil trading ecosystem, OILPLAT offers a commission-free, transparent IT platform connecting global customers and suppliers of oil derivatives and related services. By eliminating intermediaries, OILPLAT reduces operational costs and accelerates negotiations, fostering a fair and efficient marketplace. The platform’s patented technology and global trademark protection underscore its commitment to innovation and market leadership.

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm focused on empowering technology innovators through its LaunchUp program. With a proven track record of selecting and scaling high-potential startups across multiple industries, FasterCapital provides strategic mentorship, access to capital, and global market entry support.