BRISBANE, Calif., July 7, 2020 /PRNewswire-PRWeb/ -- For the quarter ended June 30, 2020, B2B ecommerce leader Inxeption Corp. reported record, 300% year-to-year growth in Total Commerce Value (TCV), or the total value of goods and services transacted on its platform. In addition, during the quarter the company passed two more significant milestones: It topped 100,000 total transactions on its platform, and it achieved positive cash flow for the first time.
In a quarter that was challenging for the entire global economy, Inxeption helped a diverse set of companies achieve exciting new capabilities and agility from digital transformation. For example, in Q2, Inxeption...
- Powered a global real estate company's mission to redefine and expand its relationship to its customers by creating a robust online marketplace where customers can now buy goods and services integral to their operations. Now, the company is rapidly expanding the marketplace offerings and anticipating significant revenue growth.
- Expanded a fast, easy, dramatically simplified Shipping Protection plan that addresses customer frustrations with carrier liability programs. Obtaining shipping insurance coverage from a respected insurance carrier is now much easier for Inxeption customers. One outdoor product company says the plan's rapid claims processing and payment system enables the company to more quickly replace damaged goods for customers and maintain a positive relationship.
- Streamlined and optimized logistics for a furniture manufacturer with multiple U.S. warehouses and a complex supply chain. Thanks to Inxeption's flat-rate pricing model, this customer now no longer worries about back-end, mystery add-on carrier charges and can price its products to offer customers free shipping—and still make a profit.
"Our record growth rates and acceleration in transaction volume is a testament to the value of our B2B platform that is enabling companies to accelerate their digital transformation efforts," notes Inxeption CFO Faisal Chughtai. "While the business climate is challenging for the economy at large, more and more merchants are turning to Inxeption for its ease of use and simplicity. We will continue to expand our product and service offerings and focus on expanding our base of merchants."
On another exciting note for Q2, Inxeption added a large, talented team of experienced web developers and designers, as well as financial analysts, in its first overseas expansion in Medellin, Colombia. Demand for Inxeption I-commerce platform services is growing and the Colombian team is already fully engaged with multiple projects designed to assist customers in adding new revenue sources from online commerce.
About Inxeption:
Inxeption is the pioneer of I-commerce. Its secure and scalable platform brings the ease of consumer e-commerce to B2B. From one digital dashboard, companies of any size in any industry can drive more sales, better manage their supply chain, and realize cost savings. Its service offerings include shipping insurance and other financial services, flat-rate logistics, web design, and strategic marketing. At Inxeption, our invitation to companies of any size is: Let's Do Business Better.
SOURCE Inxeption
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