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Digital River Expands Services, Grows Client Base by 66% in Q2

Global commerce company Digital River, which works with established and fast-growing brands, has announced that it had a new record of clients introduced in the second quarter, beating last year’s numbers by 66%, according to a press release emailed to PYMNTS.

Some of the new clients include software company Ahrefs; commercial sports and fitness company Core Health and Fitness; and Felco, which makes precision cutting and pruning tools, the release stated.

In addition, the company expanded into new verticals. It also made its services available to more people, letting users access solutions for payments, taxes, compliance and fraud mitigation, according to the release.

Clients can use “the platform of their choice to expand their global footprint and grow revenue through both onshore and cross-border commerce,” the release stated.

Digital River was previously a full-stack provider of eCommerce services and transformed in 2019 into a provider of flexible application programming interface (API) solutions, providing checkout functions, according to the release.

The company has also been expanding its options for buy now, pay later (BNPL) services. The company is offering PayPal Credit and Pay in 3 in the U.K.; PayPal Pay in 4 in Australia and France; and Klarna in Belgium, Italy, Spain and Switzerland, the release stated.

“Innovation is about challenging the status quo,” said Digital River CEO Adam Coyle in the release. “Digital River has always been transformative, and what we’ve done over the past two years to meet the needs of our customers goes beyond just changing our solution from a full-stack legacy eCommerce company to an API-based company. We’ve democratized eCommerce so clients in a range of sizes and verticals can grow globally, knowing they have an expert solution in place to protect their business and offer their shoppers the best experience possible.”

Earlier this month, Digital River teamed up with Avalara, a cloud-based business tax compliance automation platform. The partnership is aimed at letting businesses scale globally and not worry about tax liabilities and regional regulations.

Read more: Digital River, Avalara Team On Global Tax Management For eCommerce

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