"Amidst this trend, , a platform for buying and selling digital businesses, is rewriting the script and dismantling those barriers. Under the leadership of CEO Blake Hutchison, the company has connected buyers and sellers across continents, linguistic differences, and price points, closing deals from $100,000 up to $10 million. Now, with the launch of its AI-powered multi-language Deal Room, Flippa is addressing what it sees as one of the last major points of disadvantage in global business deals and M&A, calling it the "Language Tax.""
"Founded in 2009, Flippa has grown into a global marketplace where entrepreneurs can buy and sell digital assets ranging from e-commerce stores and SaaS businesses to YouTube channels, online communities, and mobile applications. According to Hutchison, the platform supports users from 189 countries, attracting over 450,000 new buyers in the last two years alone. " Our internal data shows that cross-border transactions now account for approximately 85% of all deals completed on the platform," Hutchison says."
Flippa was founded in 2009 and operates a global marketplace for buying and selling digital assets, including e-commerce stores, SaaS businesses, YouTube channels, online communities, and mobile applications. The platform supports users from 189 countries and added over 450,000 new buyers in the past two years. Cross-border transactions account for approximately 85% of completed deals. Flippa has facilitated transactions ranging from $100,000 to $10 million. Europe often faces structural friction in cross-border dealmaking because of multiple operating languages. Flippa launched an AI-powered multi-language Deal Room to remove the "Language Tax" and reduce linguistic barriers in global M&A.
Read at TNW | Artificial-Intelligence
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