BitsForDigits is joining Flippa to democratise M&A for startups of all sizes, everywhere.
Today we are happy to announce that BitsForDigits.com, which has helped match so many buyers and sellers, has itself found a match and new home in Flippa.com. With nearly 2 million buyers and sellers registered on the Flippa platform, BitsForDigits’ own user base will gain access to a much bigger pool of listings and wider network of potential suitors for striking even more deals.
Flippa has long dominated the M&A space for digital assets and in recent years launched battle tested services like Managed by Flippa and Flippa Premium, which cater perfectly to BitsForDigits. The acquisition thus bolsters Flippa’s European positioning and brand awareness as the leading marketplace for buying and selling small digital startups as well as larger online businesses. With a dedicated team of business brokers and industry differentiated technology including AI matching and a deal room, Flippa offers the best and biggest new home for the thousands of dealmakers residing on BitsForDigits.
We at BitsForDigits are confident that this deal will help more business owners and acquirers on our platform secure deals on their own terms with higher odds of success. Flippa provides white-glove advisory services to assist the process end-to-end, taking the buyer and seller by the hand and walking them through each step of the way to acquisition. They use many of the same best practices we do, including our partner payment rails at Escrow.com for the most safe and secure transactions possible.
Flippa.com has expanded its presence in Europe by acquiring BitsForDigits.com, a leading M&A platform based in Berlin. This acquisition aligns perfectly with Flippa's mission to democratise business ownership and exits globally.
Flippa has experienced significant growth in the European market, with over 50,000 new buyers joining the platform and facilitating 238 startup exits in 2023, representing a 50% year-over-year increase. To further solidify its presence, Flippa has opened a sales and brokerage office in Amsterdam and acquired BitsForDigits.
The digital business landscape in the EU is booming, with Amazon's EU Impact report revealing that 125,000 Amazon stores sell over 1.2 billion products. Shopify, Amazon's major competitor, has also witnessed strong growth in Europe, especially in the UK, France, and Germany. Notably, the SaaS industry in Europe houses 19% of global SaaS companies.
Flippa's core mission is to revolutionise M&A for startups and small businesses, and the acquisition of BitsForDigits is a crucial step towards achieving this goal. The aim is to make the business exit and ownership process accessible and equitable for all.
The acquisition of BitsForDigits.com brings numerous strategic benefits:
Looking ahead, Flippa's global growth strategy, this acquisition solidifies our position as the leading marketplace for buying and selling online businesses. It signifies a step towards a more inclusive and accessible world of business ownership and exits. Consequently, it provides entrepreneurs and small business owners with a less intimidating path to sell or purchase businesses through more traditional channels.
It has been a wild ride taking BitsForDigits from zero to one over the past 2.5 years and so it is with great joy that we hand the reins over to Flippa who has been a generous and likeminded partner in sharing our vision of streamlining the M&A process through technology. As the mission continues under new management we will do our utmost to ensure a smooth transition. So keep an eye out for more information from us about the migration to Flippa.com.
We are extremely grateful to everyone who helped us get here. From our early employees, advisors and partners to all to all of you, most importantly, the buyers and sellers on the platform: Thank you for trusting a couple of bootstrapped founders who quit their jobs and flew to the heart of Europe to grow a marketplace out of lockdown.
BitsForDigits merging with Flippa, the biggest platform in the world, is all thanks to your vote of confidence. And you all stand to benefit from the perks that come with this acquisition. So stay tuned for the next chapter!
More to come,
Laurits & JP
Flippa’s free valuation tool is powered by data from thousands. It’s fast and it’s accurate.