Intuit buys TradeGecko

Emailed on August 7, 2020 in The Friday Forward

Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries.

The Mountain View, California-based company will integrate TradeGecko’s system into its QuickBooks accounting suite to help sellers manage their orders and inventory, according to a blog post. The transaction is expected to close in September and the sale price is said to be around $80M.

TradeGecko has raised more than $20 million to date from investors including Wavemaker Partners, Openspace Ventures and Jungle Ventures.