Pakkelabels, one of the fastest growing young IT companies in Denmark, is planning to expand into Sweden.
In three years, Pakkelabels managed to turn into an extremely promising IT company with about 15,000 Danish business customers. The short but bright history of Pakkelabels goes back to 2014. In this year Hung Ho, software engineer, and Nicklas Nguyen, engineer in robot technology, founded their company.
The main idea, standing behind Pakkelabel is that it purchases major shipments from freight companies. After that, the company divides these shipments and further sells smaller parts of transport services. As a result, small online stores get an opportunity to send packages and pay for them significantly less.
This year, the founders of the startup announced their readiness to move forward and become an international company. The first target of their expansion is their northern neighbor – Sweden.
As Hung Ho, one of the founders of Pakkelabels says:
“Pakkelabels have managed to form a good reputation in Denmark and now it is the right time for us to move forward. We have already prepared the whole new strategy for Sweden. We are hoping to start implementing it as soon as possible. No later than by the end of 2018 we are planning to reach our goal. Sweden is easy to expand because the company can use the same shipping companies as we use here in Denmark, such as PostNord, GLS and Bring.”
According to the founder of Pakkelabels, their customers enjoy using the company’s technology. As this technology makes the business packaging much cheaper, faster and simpler. Thus, the number of the customers grows every day as more and more companies are becoming interested in working with Pakkelables’ technology.
Including the sister company that sells advisory services to e-commerce companies, Pakkelabels expects a turnover of 40 million Danish kronor (about € 5,3 million) in the fiscal year 2016-2017.