Escrow.com released an update on how their first half went. It was pretty strong. Domain sales along with website sales were up 77%
Escrow.com has just released its half-year results where GPV (Gross Payment Volume) was an all-time record with $475.3m, up 48.0% on pcp or US$366.7m, up 73.3%.
The second quarter was particularly strong, with an all-time record GPV of $270.5 million (up 75.0% on pcp, unaudited) or US$208.5 million (up 105.5% on pcp, unaudited). Ex-China, GPV was also at an all-time record of US$199.6 million (up 113.1% on pcp). Revenue in the half year was also an all-time record revenue of $5.1 million (up 33.7% on pcp) or US$3.9 million (up 56.9% on pcp).
Escrow.com is an online provider of secure payments and transaction management for consumers and businesses on the Internet. It was the first company to create an online escrow over a decade ago and is leading the way in safe, reliable and trustworthy escrow services with over US$5 billion in transactions secured since 1999 from over 2 million customers. The company was purchased by Freelancer.com (ASX:FLN, OTCQX: FLNCF) in 2015.
- Motor vehicles, up 210% on pcp.
- Online (domains, websites), up 77% on pcp
- General merchandise up 42% on pcp
- Services up 37% on pcp
- Luxury (watches), up 18% pcp
- Overall up 73.3% on pcp