Ecwid sees huge EU growth

Global software-as-a-service (SaaS) e-commerce outfit Ecwid said that its new signups across the European Union grew by 143 percent in the first half of the year and regional transaction volume increased by 150 percent compared to last year.

Ecwid announced partnerships with key European payments providers, including: Giropay, SOFORT, iDeal, SEPA, Klarna, and PayPal Plus. Ecwid has seen tremendous growth over the last several months in the region, along with similar growth in North America, fortifying its position as a category leader.

Small businesses comprise 99 percent of all businesses in Europe and account for over 50 per cent of GDP across the region. The company claims that it has championed small businesses’ survival by delivering a trusted and free-to-use e-commerce platform to hundreds of thousands of small businesses globally.

Since the start of the pandemic, Ecwid has enabled thousands of European businesses to digitize their storefronts and operations as store closures and nationwide shutdowns impacted the region.

According to BuiltWith, a competitive analysis and business intelligence tool providing technology adoption, e-commerce data and usage analytics for the internet, Ecwid is among the top three e-commerce solutions for a third of Europe, including Germany, Italy and France. In the first half of the year, in these markets, Ecwid has grown new users by more than 200 percent.

Ecwid CEO Ruslan Fazylev said: “The pandemic has made our mission to democratise access to commerce technology tools all the more meaningful and important,” said of. “The ability to help small businesses worldwide move online quickly, tap into key marketplaces as well as access a range of payments solutions has enabled us to become the provider of choice and meet the needs of newly-online companies.”

Ecwid is partnering with leading secure payments providers in the region. New regional European payment providers are available to merchants via Stripe, the technology company building economic infrastructure for the internet, which has a longstanding partnership with Ecwid.