Ivaylo Penchev

Webit Speaker, Co-founder, Auxionize

Ivaylo Penchev is one of the founders of Auxionize an innovative software solution that increases the efficiency of business processes. It is a virtual marketplace for transparent business, governed entirely by the market principles of supply and demand.

In short, Auxionize is a B2B reverse auctions platform. The official start of the system was in November 2014 and since then the company has been attracting increasing interest from early users of the program. An energetic team of world-class software developers is currently working on a new release of the software solution, which will further increase the efficiency in the field of e-procurement.

Professional background
Ivaylo Penchev is a serial entrepreneur. He is the founder and active manager of a number of companies – Auxionize, Walltopia, Extrapack, HRT, CompositeX, Quantacea, Civilia Properties. The best-known among them is Walltopia – the number one world manufacturer of artificial climbing walls and a great example of a Bulgarian company that sets the standards for an entire industry. The corporate culture that Ivaylo promotes is very entrepreneurial, stimulating his top decision-makers to have a high level of responsibility and initiative. Ivaylo is the heart and brain behind Auxionizе. His natural curiosity, energy and passion for business development and innovation drive all of his endeavors.