Lightspeed buys Ecwid for $500M; NuOrder for $425M in ongoing e-commerce consolidation play

Lightspeed buys Ecwid for $500M; NuOrder for $425M in ongoing e-commerce consolidation play

Lightspeed has picked up two more companies in what is shaping up to be an acquisition spree for the Canadian point-of-sale software provider. The company today announced that it would acquire e-commerce platform Ecwid for $500 million; and NuOrder, a B2B ordering platform servicing wholesales, brands and retailers, for $425 million. Together, the two deals underscore […] …

Ecwid raises $42M from Morgan Stanley and PeakSpan

Ecwid raises $42M from Morgan Stanley and PeakSpan

In the exact same week that Facebook announced a redoubled effort to make a bigger mark in e-commerce, among its long-time partners has closed a big round of financing. Ecwid, the start-up that sells e-commerce tools straight and through 3rd parties like Square and Wix, letting companies build e-commerce experiences by themselves websites and […] Ecwid is in the stable of e-commerce business that include the likes of Shopify, BigCommerce and WooCommerce, which have seized on the growth of online shopping over the last decade and helped companies that are not digital by nature– medium and specifically little brick-and-mortar services– become a part of that digital economy. Just as we’ve seen that trend play out for Shopify (whose share price has actually been on a roll), Fazylev said that Ecwid, too, has had a huge boost. We at Ecwid are not worried about the Walmarts of the world but about the small people and making it very simple for them.”Covid-19 is reinforcing what we already understood: e-commerce is essential, and it’s offered to even the smallest of merchants now with Ecwid’s totally free tools that even novice Internet users can adopt rapidly,” stated Dur, in a statement.”Ecwid is truly helping its consumers make the many of e-commerce enablement at a time when their standard retail services have actually been interfered with so dramatically,” stated Chung, in a declaration….