VAKT Global Ltd.

VAKT Global Ltd. is a technology company that specializes in providing blockchain-based solutions to optimize commodity trading processes, focusing primarily on the oil sector to enhance efficiency and reduce fraud. Founded in 2018, VAKT Global Ltd. is headquartered in London, UK.

The company offers innovative solutions to streamline post-trade processes in commodity trading. On January 28, 2020, VAKT raised USD 5 mn from Saudi Aramco Energy Ventures. The company has conducted one deal to date, raising a total of USD 5 mn. The CEO is Etienne Amic.

VAKT offers a suite of blockchain-based solutions designed to enhance efficiency and reduce fraud in commodity trading, particularly in the oil sector. Their core products include vActuals, vSure, and vLogistics, which collectively address critical challenges in post-trade processes. vActuals gathers data at the source and leverages blockchain technology to ensure the integrity of actuals related to quantity, quality, and documentation, providing a secure and reliable information source. vSure digitizes trade confirmations, replacing traditional paper contracts with digital affirmations, thereby streamlining contract management and reducing errors that can impact profitability.

vLogistics serves as a live communication link between Energy Trading Risk Management systems, terminals, and inspection services, facilitating efficient workflow and data exchange. These solutions are utilized by a diverse client base, including major oil trading companies and logistics providers, primarily operating in global markets such as North America, Europe, and Asia. In 2023, VAKT generated revenue of USD 1,565,887 with an EBITDA of USD -4,262,191. The company generates revenue through B2B transactions involving its flagship products offered to clients on a subscription basis.

Clients engage with VAKT's services to automate and digitize their trade operations, resulting in operational efficiencies. The pricing structure is based on service tiers tailored to clients' needs, considering transaction volume and integration extent. VAKT plans to utilize the recent funding of USD 5 mn to further develop its product offerings and expand into new geographic regions. The company is focused on enhancing its blockchain solutions, with new product launches aimed at improving operational efficiencies planned for the upcoming years.

Specific markets targeted for expansion include North America and Asia by 2025. This strategic direction aims to strengthen VAKT's position in the global commodity trading landscape.