Swap Raises $40M to Streamline Cross-Border eCommerce Logistics

Platforms
Written By Rick Watson

Swap is an eCommerce inventory management platform that empowers merchants with a seamless, fully integrated experience that connects the myriad complexities of their operations.

Swap, a cross-border trade platform, has announced that it has raised $40 million in Series B funding that will be used to build on the company’s existing footprint with U.K. businesses, with an expansion plan into wider Europe and the U.S., as well as enter Australia and Canada. The company has found early success in the apparel sector and will now build solutions for beauty, home goods, and consumer electronics. Swap will compete against incumbents such as Shopify and Global-e, and in the current climate, cross-border can only become more complex.

Business Insider: Swap raises $40 million to streamline e-commerce logistics with its AI-powered platform

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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