• General
  • August 4, 2020
  • 3 minutes read

Intuit Scoops Up TradeGecko

Intuit CEO Sasan Goodarzi. Photo credit: Stuart Isett for Fortune Magazine, under Creative Commons license Financial software company Intuit has…

Intuit CEO Sasan Goodarzi.

Photo credit: Stuart Isett for Fortune Magazine, under Creative Commons license

Financial software company Intuit has reached a deal to acquire TradeGecko, a Singapore-based startup that develops software for inventory and order management. TradeGecko was founded in 2012 and has raised some $18 million in funding since its inception. Intuit is reportedly paying $80 million for the company, implying possibly sizeable returns for the company’s investors and employees. Among investors in TradeGecko include 500 Startups, Jungle Ventures, Golden Gate, Aura Ventures, and Openspace Ventures.

Intuit will integrate the TradeGecko platform with its famous QuickBooks suite of financial, payment, reporting, and accounting software. Already, over 7 million businesses globally make use of QuickBooks, implying a large potential user base for TradeGecko to tap into. “We couldn’t pass up the opportunity to join the Intuit team,” Cameron Priest, TradeGecko’s CEO, said in a press statement. “Our mission is to enable entrepreneurs to build the business of their dreams, and partnering with QuickBooks will allow us to empower millions of small businesses.”




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