Cross Commerce’s mission is to make cross-border selling easy and highly scalable. From the seller’s perspective, the platform allows them to integrate with major marketplaces, control inventory, and integrate with logistics players. For local marketplaces, the platform brings more inventory, and thus more sales.
The market: E-commerce is becoming global, fueled by the evolution of logistic infrastructure, the rise of cross-border payment solutions, and venture capital investments in e-commerce-related companies. A research report published in March 2020 by Facts & Factors estimates that global B2C cross-border e-commerce will grow from USD 780 billion in 2019 to USD 4.820 billion by 2026, with an expected CAGR of 27%. In Brazil, major marketplaces are increasing the assortment of cross-border products coming directly from China and the United States, and new players like Shopee are growing rapidly. However, cross-border commerce still represents a single-digit share of the market, and the market expects it to increase at a rapid pace globally, including in Brazil.
The founding team has deep expertise in e-commerce and cross-border businesses, having co-founded and exited two e-commerce-related startups to B2W, including one that integrated local sellers with local marketplaces through APIs - a very similar business model to Cross Commerce’s, but local. The team also has relevant experience leading in the field, as one of the founders led the cross-commerce business unit of one of the most relevant marketplaces in the region.
Cross Commerce’s mission is to make cross-border selling easy and highly scalable. From the seller’s perspective, the platform allows them to integrate with major marketplaces, control inventory, and integrate with logistics players. For local marketplaces, the platform brings more inventory, and thus more sales.
The market: E-commerce is becoming global, fueled by the evolution of logistic infrastructure, the rise of cross-border payment solutions, and venture capital investments in e-commerce-related companies. A research report published in March 2020 by Facts & Factors estimates that global B2C cross-border e-commerce will grow from USD 780 billion in 2019 to USD 4.820 billion by 2026, with an expected CAGR of 27%. In Brazil, major marketplaces are increasing the assortment of cross-border products coming directly from China and the United States, and new players like Shopee are growing rapidly. However, cross-border commerce still represents a single-digit share of the market, and the market expects it to increase at a rapid pace globally, including in Brazil.
The founding team has deep expertise in e-commerce and cross-border businesses, having co-founded and exited two e-commerce-related startups to B2W, including one that integrated local sellers with local marketplaces through APIs - a very similar business model to Cross Commerce’s, but local. The team also has relevant experience leading in the field, as one of the founders led the cross-commerce business unit of one of the most relevant marketplaces in the region.