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Global-e completes acquisition of Flow Commerce

Thursday 6 January 2022 08:23 CET | News

Cross-border end-to-end platform Global-e has announced the closing of the acquisition of e-commerce software solution Flow Commerce.

Through the acquisition, Global-e will have access to Flow’s API-based technology to provide small merchants with a tailored solution catering to their needs of emerging businesses. The deal is also set to expand the relationship with Shopify to offer cross-border services.

The deal was signed for around USD 500 million in equal portions of cash and Global-e shares. Simultaneously, Global-e issued a warrant worth USD 70 million in shares to Shopify to continue increasing the strategic partnership with the ecommerce platform. 

As part of the Global-e family, Flow Commerce is expected to generate around USD 20 million in net revenues for the 2021 calendar year.


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Keywords: ecommerce, acquisition, partnership, online shopping, SMEs, Shopify, cross-border ecommerce
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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