About Us

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Incorporation and history

Affno Virtual Market (Pvt) Limited (AVM) is a member of the Affno Group which was founded in the year 2000 and has more than two decades of experience in designing, building and commercialising software solutions.

The group has experience across 15 industry sectors in ten countries and has built and managed the on-line presence for airlines, stock exchanges and large enterprises whose web presence is mission critical, as well as e-government deployments funded by the World Bank.

Affno’s m-government portal for the Kingdom of Bahrain won a World Summit Award for Mobile Government in London; and Emirates Airlines award winning in-flight entertainment web application was developed and maintained for over a decade by Affno.

AVM was incorporated in January 2019 to develop Green Tape, a fully-fledged end-to-end e-business platform for procurement, centered around a SaaS platform.

The Company was thereafter incorporated in Singapore in 2022 to facilitate the growth of our customer base across the Asia Pacific and Middle East regions.

Track record

Success since its launch in 2021, the Green Tape platform hosts over 40 high-profile companies which include a large private local bank, large construction companies, conglomerates, logistics companies, companies in the agricultural sector, shipping sector, and large manufacturing businesses.

 

The Impact of Greentaping

Enables Corporates to become more
sustainable by overcoming some key challenges

Limited competition

1 Limited set of suppliers; and annual registration cycle

2 Often limited to three quotes

3 Suppliers' who are not big enough to extend credit get left out

Procurement delays

4 Group companies may end up buying the same product from different suppliers at different prices

5 Some suppliers pricing validity is extremely short

6 Manual process is very time consuming

Lack of transparency

7 Lack of visibility on who procures what and for what reason

8 Company won't know which suppliers were not invited

Disengaged from local communities

9 Unable to provide supplier opportunities locally

10 Not easy to dispose used items at the right price

By Greentaping, corporates can overcome these challenges and also make their businesses easily approachable to suppliers. By doing so they will not only save time and money but will also convert their suppliers into a strategic asset that is proactively managed without leaving it to chance. They will also give an equal opportunity for suppliers big and small to find them, do business with them, and grow their businesses and relationships with them more easily.

 

Empowers small businesses
to play in areas only big players operate in

by giving them equal opportunities

Can sell

To large companies, other SMEs and even individuals with ease

Used equipment, machinery, and vehicles through auctioning

Get their bills discounted through our partner banks and financial institutions

Can buy

From even large suppliers and enjoy bulk discounts

From any auction with ease

and also get

Business & Operations Development opportunities

Through Green Tape's partner network in:
Marketing & sales training, business management training, finance & accounts services, and legal services.

Mapped to the relevant

UN Sustainable Development Goals

Strengthen the means of implementation and revitalize the global partnership for sustainable development.

  • Once Green Tape is rolled out to several geographies in the world, it will open up new markets to its suppliers and also enable its buyers to develop global value chains with ease. The rapid rise in world trade and the unprecedented development of communications helps Green Tape achieve this mission. It also plays a part in enabling the rapid catch-up growth in developing economies, while facilitating global value chains.
  • AVM anticipates that the widespread adoption of Green Tape would go a long way towards introducing transparency and auditability into procurement practice and thus address corruption which is holding several countries and societies back.
  • AVM will support finance for sustainable development and financial inclusion by providing a factoring/financing solution for small and medium suppliers including suppliers from rural areas so that their lack of access to working capital would not eliminate them from supplying to large buyers.

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

  • Green Tape will soon be having a very large number of registered suppliers. We will be using this vantage position to create awareness, provide training, and motivate these suppliers to promote: decent work, employment creation, social protection, rights at work and social dialogue.
  • We will also provide training and support to help enterprising youth to set up or scale up a business as a supplier.

Take urgent action to combat climate change and its impacts.

  • Greenhouse Gas emissions (GHG emissions) are reduced in the following ways:
    • AVM per se has moved to working-from-home. Thus, reducing employee commute. International business travel is restricted and on-line meetings are encouraged in lieu.
    • Green Tape will be providing training to suppliers on measuring and managing their GHG footprint.
    • The Platform reduces or eliminates travel, paper usage, and printing.