Peter Mercurt

Basically nothing, I would say.

Yes, of course.

Lovely introduction, Nathan.

Happy to be here.

So yes, indeed.

Actually, every fashion company, you can imagine, might be a client of Retraced because we are building a sustainability management platform for the fashion industry, meaning brands, manufacturers, suppliers, suppliers, suppliers.

down to the raw material producer, actually.

It depends how they use the platform if they actually have to pay for it, because obviously most of them are not willing to pay, especially if you're a small company, because typically what you do, you contribute information into the platform, because this is what we are all about for the last ones in the tier, like a retailer.

These are the ones who actually want to process and report information.

Whereas, you know, in the lower tiers in the supply chain, this is less necessary.

So you want to just have something to easily collect information and process them on for the next party in line.

It's not only fashion brands.

It could also the same be suppliers and manufacturers.

Every fashion company actually you can imagine.

We are on average...

So an average is approximately 800 euros.

It heavily depends.

Actually, it's quite unique because it's very, it's heavily depends on the size of clients since there are a lot of small ones who do not need a lot of functionality of the platform.

It's very tricky and challenging to build this tool, actually, because you can't just build it for one party.

You have to build it for all to make a benefit out of it.