Surplus stock, sold simply.
The first vetted marketplace for FMCG suppliers and buyers to move short-dated and distressed stock — at a fixed price or by bid.
Every supplier and buyer is vetted before they transact, and payments are held in escrow until collection or delivery is confirmed.
Right now, this market runs on relationships and spreadsheets
Large volumes of short-dated and distressed stock sit with suppliers while salvage retailers and wholesalers hunt for exactly that stock — with no structured, trusted marketplace connecting the two.
No central marketplace
Stock moves through phone calls and WhatsApp groups, not a place suppliers and buyers can both rely on.
Discovery is manual
Buyers have no single place to see what's available across suppliers, compare it, and act fast.
No structured way to transact
Deals close on trust and relationships alone, with no vetting or payment protection either side.
LotX is revolutionizing how trade happens.
How it works
One platform, two straightforward paths — vetted from the start.
- 1
Get vetted
Get vetted to protect your brand and ensure channel control.
- 2
List your stock
Add product details, expiry date, case and pallet configuration, and a product photo — as straight stock or a bid-able parcel. Include the purchase timeline and the final delivery or collection window.
- 3
Sell at a fixed price, or let buyers bid
Straight stock sells at your listed price. Parcels are opened for competitive bidding against your reserve.
- 4
Get paid on fulfilment
Payment released upon successful completion of delivery or collection.
- 1
Get vetted
Sign up and get approved before you can browse and transact — so you know every listing is legitimate.
- 2
Browse & subscribe
Filter the marketplace by category, and subscribe to be notified when matching stock is listed.
- 3
Buy instantly, or bid
Purchase straight stock outright at the listed price, or place bids on parcels within the seller's window.
- 4
Collect or receive
Funds release upon successful completion of delivery or collection.
Built on vetting and escrow, not blind trust
Distressed stock carries reputational sensitivity. These two mechanics are core to the platform, not add-ons.
Vetting
Every supplier and buyer signs up and is approved by our team before they can transact. It protects supplier brand and channel control, and protects buyers from bad-faith sellers.
Escrow
Payment is captured at purchase or bid-win, but held — not released to the supplier until collection or delivery is confirmed. It's the mechanism that lets strangers transact with confidence.
Already working with FMCG manufacturers and distributors across South Africa
Be the first to know
LotX is launching soon. Sign up to get notified the moment vetted suppliers and buyers can start trading.
Launching in