Faks, a Paris-based startup, has secured €6M in funding to expand its technology team and product offerings. The platform connects over 17,000 pharmacies and focuses on reducing operational burdens in the fragmented pharmaceutical landscape. With rising demands on pharmacies—besides patient care—they struggle with supply chain management. Faks aims to centralise supplier interactions, streamline processes through automation, and allow pharmacists to focus more on patient needs, improving overall efficiency in the sector post-COVID-19.
Helping pharmacies streamline their operations, Faks raises €6M to enhance its B2B platform, ensuring better communication and efficiency across the pharmaceutical sector.
Wissam Nasreddine pointed out, 'The growing diversification of pharmacies' activities has left little time to manage back-office operations from order to stock management.'
Nasreddine further emphasized, 'We see huge potential in centralising all their supplier interactions in a single platform and automating tedious tasks with AI.'
The need for Faks arises from pharmacists' current struggle with managing orders from around 100 suppliers without a unified system, consuming over 30% of their time.
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