Crossborderit provides a platform that calculates duties and taxes in real time, ensuring e-commerce shoppers receive transparent pricing without unexpected fees. By streamlining customs clearance and offering a classification management system, the company enhances international shipping efficiency and compliance, fostering customer loyalty and reducing cart abandonment.
Funding
Funding not disclosed
Founders
Product
Problem
E-commerce businesses face challenges with international shipping due to varying customs duties, taxes, and classification requirements, leading to unexpected costs for customers and potential cart abandonment. Managing product classifications across different countries is complex and time-consuming, hindering efficient global trade.
Solution
Crossborderit offers a platform designed to streamline international customs clearance and provide transparent pricing for e-commerce shoppers. The platform calculates duties and taxes in real time, ensuring customers are aware of all costs upfront. Additionally, Crossborderit provides a classification management system, "Classit," that leverages AI and human support to manage product classifications, simplifying compliance and improving shipping efficiency. By connecting to a network of customs brokers, Crossborderit enables businesses to clear goods closer to their markets, reducing lead times and enhancing the customer experience.
Target Audience
The primary target audience includes e-commerce businesses involved in international trade that need to streamline customs clearance, manage product classifications, and provide transparent pricing to their customers.
Features
- Real-time calculation of duties and taxes for international shipments
- "Classit" classification management system with AI and human support
- Connection to a network of customs brokers for flexible international customs clearance
- Platform to clear goods closer to the target market, reducing lead times
- Streamlined customs processes to lower costs and improve customer experience