STÖ Medical and Riverty: Improving women's health worldwide
STÖ Medical is on a mission to enhance women's health with a drug-free heat patch, expanding its availability to more women through a strategic e-commerce partnership with Riverty.
Nicolai Slinning
CMO of STÖ Medical
A drug-free breakthrough in women's health
In the bustling pharmacies of Norway, a little-known hero - the STÖ Medical heat patch - is bringing much-needed relief to women struggling with menstrual pain. STÖ acknowledges the connection between painful periods and increased sickness absence, and is dedicated to offering a natural, non-pharmacological solution to the problem Now, STÖ aims for more significant accomplishments, striving to be the force for change that not only addresses health concerns but also subtly supports a more inclusive work environment for women.
Embarking on a digital journey
STÖ Medical intends to make its highly acclaimed product accessible to more women and expand beyond Norway. "Our product is licensed and approved as a medical device throughout the EU," says Nicolai Slinning, CMO of STÖ Medical. "Thanks to Riverty's expertise in streamlining online payments, we're making this transition smooth, simplifying e-commerce and ensuring a hassle-free shopping experience," he continues.
Streamlining
e-commerce complexity
Riverty's experience in managing complex payment systems has enabled STÖ Medical to seamlessly enter online markets. STÖ implemented Riverty's invoicing as a service solution, where Riverty purchases the invoice and promptly delivers the funds to STÖ Medical after each purchase. "This ensures a hassle-free experience for our customers who need our product on a regular basis. This solution helps us to minimise financial risk and gives us quick access to the capital we need for our growth," says Nicolai Slinning.
A united front against menstrual pain and workplace discrimination
In March 2023, the Women's Health Committee shed light on critical issues related to women's health and discrimination in the workplace. STÖ is seizing the moment and aligning its mission with the changes needed. Nicolai Slinning says, "Our goal is to work with larger companies to provide heat patches as an employee benefit, contributing to a future of inclusivity and understanding in the workplace. Inclusiveness is embedded in Riverty's core values, making them an ideal match - not only in terms of solutions, but also in shared values".
As a result, STÖ Medical is on the verge of formalizing a framework for collaboration and partnership with two key organizations in Norway that focus specifically on women's health and rights - both domestically and internationally. "These organizations have played a crucial role in raising awareness and media coverage of women's health in society and in televised political debates. With them on board, we have a front so massive that no company or employer will be able to ignore it," says Nicolai Slinning.
He explains that there are still some formal steps to be taken before he can reveal more details about this collaboration Riverty has been actively involved in certain aspects of the commercial plans and programs being developed as part of the joint services they plan to launch. STÖ's innovative services serve as a stimulus for Riverty's perspective and an inspiration for us to think creatively together as we work on joint plans and programs.
Growth beyond borders
With Riverty's presence in numerous international markets, STÖ envisions a future where every woman, regardless of her location, has access to drug-free pain relief. "Riverty is not just a payment partner, they are our ally in navigating different markets for future expansion. Together we're making the purchase journey frictionless and accessible for everyone," says Slinning.
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