Flow bags $16m to solve cross-border e-commerce problems

Cross-border commerce company Flow has pocketed $16m in a Series A round led by Bain Capital Ventures.

Hong Kong-based family office Fung Capital and Forerunner Ventures also participated.

The company aims to help businesses overcome challenges associated with operating internationally online.

This includes multi-currency pricing, cost efficient and rapid shipping, international payment options, taxes and duties, and returns.

Forerunner Ventures founder and managing director Kirsten Green said: “The team at Flow has created a powerful platform designed to revolutionise the global e-commerce process which has largely remained cumbersome and intimidating for both merchants and consumers.”

Flow co-founder and CEO Rob Keve said: “We are thrilled to partner with such a prestigious group of investors, whose collective track-record with and experience of building powerful new disruptive technologies and brands in the retail space will be instrumental as we work to eliminate friction for merchants and uncertainty for consumers when shopping internationally.”

The investment follows a $2.5m Seed round raised by the startup in January last year.

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