Bigcommerce Holdings, Inc. Stock Price, News & Analysis

AffiniPay, a leading fintech firm in online payments, announced the appointment of Robert Alvarez, CFO of BigCommerce (NASDAQ: BIGC), to its executive board. This follows recent leadership changes with Dru Armstrong as the new CEO and the appointment of Stuart C. Harvey Jr.. Alvarez brings substantial experience in scaling tech businesses, having led BigCommerce through a record-setting $249 million IPO. AffiniPay is on track to process over $13 billion in payments in 2021 and has been recognized for its rapid growth on the Inc 5000 list.

BigCommerce (Nasdaq: BIGC) has been recognized as a leading Open SaaS ecommerce platform, earning 16 medals in the 2021 Paradigm B2B Combine, featuring both Midmarket and Enterprise Editions. This recognition stems from its new B2B Edition, designed to enhance online sales for B2B enterprises. The platform received accolades for Total Cost of Ownership and Partner Ecosystem, highlighting its extensive partner ecosystem and user-friendly configuration. Additionally, BigCommerce was honored as a Top B2B eCommerce Platform by SoftwareReviews.com.

Ascent360 announced the integration of its data-driven marketing platform with the BigCommerce App Marketplace. This new feature enables retail and e-commerce businesses to utilize their customer data for personalized marketing efforts. The platform enhances customer segmentation, facilitates automated omnichannel campaigns, and provides tools for measuring marketing ROI. According to CEO Scott Buelter, this integration allows retailers to better understand their customers and engage them effectively. Businesses can start with a free trial, gaining actionable insights in just 48 hours.

BigCommerce Holdings (Nasdaq: BIGC) announced the grant of restricted stock units (RSUs) to 161 new employees, as part of its acquisition of Feedonomics' assets. A total of 195,339 RSUs were awarded, with 90,660 RSUs designated for management employees, vesting over four years. The majority of the remaining RSUs vest annually over four years. The RSUs have a grant date of August 11, 2021, and a vesting commencement date of August 1, 2021, with no exercise price required. This strategy is aligned with Nasdaq’s Listing Rule 5635(c)(4).

BigCommerce, a leading Open SaaS ecommerce platform, reported a total revenue of $49.0 million for Q2 2021, up 35% year-over-year. Annual recurring revenue (ARR) reached $209.3 million, marking a 38% increase. Subscription revenue grew 42% to $34.0 million. The company recorded a GAAP net loss of ($12.2 million) and a non-GAAP net loss of ($4.2 million). BigCommerce expects Q3 2021 revenue between $54.5 million and $55.0 million and a full-year revenue of $210.7 million to $211.7 million.

BigCommerce (Nasdaq: BIGC) has partnered with Sezzle Inc., a fintech company, to provide small and mid-market merchants with a new buy now, pay later (BNPL) solution. This integration allows merchants to offer interest-free payment plans, enhancing shopping experiences, especially for younger consumers and high-risk borrowers. With a simple click in the BigCommerce Control Panel, merchants can activate the BNPL option. Sezzle caters to over 45 million U.S. users, facilitating credit building through responsible payments.

BigCommerce (Nasdaq: BIGC) announced its fourth annual Make it Big conference, a free two-day virtual event for ecommerce professionals from September 14 to 15. The conference continues to evolve with new resources, including an awards program and a podcast series, enhancing its year-round engagement. Keynote speakers include Mark Cuban and other industry experts. Participants can compete for cash prizes in five categories during the Make it Big Awards. Registration remains open, offering access to on-demand sessions and valuable ecommerce strategies.

BigCommerce (Nasdaq: BIGC) has acquired Feedonomics for up to approximately $145 million, comprising $80 million in cash at closing and additional milestone payments. This acquisition aims to enhance BigCommerce's capabilities in data feed management, helping merchants integrate across 100+ global marketplaces and advertising channels, including Google and Amazon. The combined platform will enable merchants to increase their return on ad spend (ROAS) and streamline operations, positioning BigCommerce to better capitalize on the projected $41 billion US ecommerce channel ad spending by 2024.

BigCommerce (Nasdaq: BIGC) has partnered with Mercado Libre (Nasdaq: MELI), Latin America's leading ecommerce marketplace, enabling BigCommerce merchants to access nearly 133 million unique consumers throughout the region. This collaboration, Mercado Libre's first major partnership with a North American platform, aims to enhance cross-border ecommerce. Benefits for merchants include improved order management, personal account management for onboarding, and currency conversion features, helping them enter the fast-growing Latin American market more efficiently.