Intuit has acquired Singapore startup TradeGecko, the inventory and order management platform that makes omni-channel commerce easy for small businesses, for an undisclosed sum. The transaction is expected to be completed in September 2020.
Integrating QuickBooks’ suite of financial, payment, reporting and accounting tools with TradeGecko’s robust inventory and order management system will help product sellers run and grow their business on a single platform.
QuickBooks Online customers will be able to launch and manage products across multiple online and offline sales channels, manage orders and inventory fulfillment from multiple channels and across multiple inventory locations, synchronise inventory across online and offline channels, avoid stock-outs, and access real-time insights.
“Small businesses around the world are struggling to survive in this rapidly changing environment. The need for a single tool that can reduce operational complexity for product-based businesses is acute. Integrating TradeGecko’s capabilities into QuickBooks Online will give our small business customers new paths to growth,” said Alex Chriss, Executive Vice President and General Manager of QuickBooks.
Founded in 2012, TradeGecko has raised more than US$17 million and serves customers in more than 100 countries. Its co-founders will join the Intuit team and will play integral roles in the product and team integration.
“We couldn’t pass up the opportunity to join the Intuit team. Our mission is to enable entrepreneurs to build the business of their dreams, and partnering with QuickBooks will allow us to empower millions of small businesses,” said Cameron Priest, Co-founder and Chief Executive Officer of TradeGecko.