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News

Muloot announces the acquisition of Pivot

Tuesday 4 February 2020 15:09 CET | News

Muloot, an ecommerce business growth agency, has announced it has acquired Pivot International, an outsource marketplace services organisation.

With this acquisition, Muloot aims to enhance its multi-layered global expansion services for marketplaces and marketplace merchants.

The acquisition will enable Muloot to capitalise on the growing ecommerce marketplace economy, which has seen global sales increase from USD 1.34 billion in 2014 to USD 3.54 billion in 2019, according to the press release.

Muloot provides banking services, marketplace onboarding, accountancy, VAT registration, and filing of returns, as well as a trade finance and lending platform services for ecommerce and marketplace specific businesses. The integration of Pivot’s marketplace channels, local knowledge, cross-border expertise, and client portfolio will empower Muloot to bring together global marketplaces and merchants.

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Keywords: Muloot, Pivot, acquisition, Marketplaces, merchants, ecommerce
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

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