News Summary

Reach, a leading global Merchant of Record (MoR) solution based in Calgary, Alberta, has announced a major investment from Primus Capital. This strategic partnership is set to enhance Reach’s operations as the company plans to expand its global presence by advancing its product roadmap and augmenting its existing solutions in payments, tax compliance, and fraud protection. The investment aims to support enterprise businesses by developing Reach’s ecommerce product mix and expanding its global entity network into new markets. With a remarkable 95% year-over-year growth in Annual Gross Merchandise Volume (GMV) in Q4 2024, Reach plans to leverage this investment to bolster its infrastructure, extend international coverage, and simplify cross-border transactions for its clients. The investment is expected to empower Reach’s enterprise customers to navigate the complexities of global expansion and compliance with ease.