Fung Capital-backed cross-border services business Flow won the backing of American Express Ventures in a round that will fund platform development and hiring.
US-based cross-border e-commerce tools provider Flow raised $37m in series B funding on Wednesday from investors including American Express Ventures, the corporate venture capital subsidiary of payment services firm American Express.
Venture capital firms New Enterprise Associates and Latitude Ventures also participated in the round.
Founded in 2015, Flow has developed artificial intelligence-driven software that enables brands to tailor e-commerce services to customers in overseas markets, leveraging tools such as localised payments, sales taxes and options for international shipping.
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