About Digital River
Digital River is a Technology company based in Minnetonka (United States) founded in 1994, and was acquired by Siris Capital in October 2014. Cloud-based tax, fraud compliance and payment solutions for businesses. It operates in the Technology and Financial Services sectors. Digital River has completed 9 acquisitions, including Commerce5, Direct Response Technologies and Element5. Its website digitalriver.com draws about 19 thousand monthly visits. Its Indian entity Digital River India Private Limited reported revenue of ₹47.97 Cr. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Square, Intuit and Flutterwave; 3 of its 3 listed competitors have raised funding.
Company details
Digital River was founded in 1994 and is headquartered in Minnetonka, United States. Operations focus on the fintech sector, where cloud-based platforms are developed for tax management, transaction processing, fraud detection, and regulatory compliance. Customized payment solutions are offered to businesses for accepting global transactions, with services extending to e-commerce and cross-border operations.
- Headquarters Minnetonka, United States
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website digitalriver.com
- Social LinkedIn X
- Acquired by Siris Capital (Oct 2014)
- Legal Name Digital River India Private Limited
- Date of Incorporation 18 May, 2011
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹47.97 Cr
FY 2024 · +134% YoY
- Indian entity net profit₹1.23 Cr
FY 2024 · 3% margin
- Indian entity EBITDA₹1.26 Cr
FY 2024 · 3% margin
- Latest Funding Round$50M (USD), Post-IPO
Feb 2020
- InvestorsSiris Capital
& 1 more
- Investments & AcquisitionsCommerce5
& 8 more
- Acquired bySiris Capital
(Oct 2014)
Associated legal entities of Digital River
Digital River operates through Digital River India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Digital River India Private Limited CIN U74999MH2011PTC217640 | Active | 18 May 2011 | Mumbai, Maharashtra | ₹48.0 Cr | 2 | View details |
Funding Insights of Digital River
- Total Rounds 2
- Last Round Post-IPO — $50M
- Investors Count 2
All 2 funding rounds of Digital River with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $50M | Post-IPO | – | – | |
| Dec 1999 | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in Digital River
Digital River has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Siris Capital and Earlybird.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are focused on technology and telecom firms. | 2011 | siris.com | New York, United States | |
Earlybird is recognized as a venture capital investor focused on early-stage tech companies. | earlybird.com | Berlin, Germany |
Investor details for Digital River
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Board of directors of Digital River India Private Limited (Digital River)
Digital River India Private Limited is the primary company behind Digital River. The board of Digital River India Private Limited currently have 2 directors; the longest-serving is Harry James Cregan, appointed in 2025. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harry James Cregan DIN 09813752 | Director | 13 Mar 2025 | 1 yr 7 mo | Digital River India Private Limited |
| Prince Soni DIN 07949311 | Additional Director | 11 Apr 2025 | 1 yr 7 mo | Digital River India Private Limited |
Financials of Digital River
Figures of Digital River India Private Limited, the primary company behind Digital River, for FY 2024. Revenue was ₹47.97 Cr (+134% year on year). Net profit was ₹1.23 Cr (3% margin). EBITDA was ₹1.26 Cr (3% margin). Revenue has grown at a compounded annual rate of +34% over three years and +45% over five years.
- ₹47.97 CrRevenue · FY 2024 · +134% YoY
- ₹1.23 CrNet profit · 3% margin
- ₹1.26 CrEBITDA · 3% margin
- ₹3.52 CrPaid-up capital
- +34%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Digital River India Private Limited are on its company page.
Detailed financial statements for Digital River
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Digital River
Digital River has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Commerce5, Direct Response Technologies and Element5.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
ACH payment processing | lmlpayment.com | Vancouver, Canada | 1999 | Sep 2012 | $102.8M | |
Academic-licensed products for education are listed on an e-commerce platform. | journeyed.com | Plano, United States | 2009 | Sep 2010 | •••• | |
Offers tools for in-game monetization to enhance revenue streams. | fatfoogoo.com | Vienna, Austria | 2006 | May 2010 | $10M | |
Limited information available | directresponse.com | Lexington, United States | 1994 | Jan 2006 | •••• | |
Limited information available | commerce5.com | Aliso Viejo, United States | 2005 | Dec 2005 | $45M | |
Web analytics services for click-stream and campaign analysis are offered. | fireclick.com | San Diego, United States | 1999 | Jun 2004 | $7.5M | |
E-commerce solutions and marketing services are provided to developers. | element5.com | Cologne, Germany | 1998 | Mar 2004 | $120M | |
Trade magazines' official websites are operated by Infocon America. | infoconamerica.com | 1997 | Apr 2003 | •••• | ||
Small businesses are enabled with e-commerce platforms and online services. | orbitcommerce.com | Chicago, United States | 1998 | Oct 2001 | $6.4M |
Complete acquisition details for Digital River
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Digital River
14 dated milestones of Digital River across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Digital River is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Acquisition Acquires Orbit Commerce.
- Acquisition Acquires Infocon America.
- Acquisition Acquires Element5.
- Acquisition Acquires Fireclick.
- Acquisition Acquires Commerce5.
- Acquisition Acquires Direct Response Technologies.
- Acquisition Acquires Fatfoogoo.
- Acquisition Acquires JourneyEd.
- Acquisition Acquires LML Payment Systems Corp..
- Exit Acquired by Siris Capital.
- Funding Latest funding round, Post-IPO, of $50.0M.
Competitors of Digital River
Digital River has 3 listed competitors in our database, 3 of them funded. They include Square, Intuit and Flutterwave.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | Provider of payment processing solutions for businesses |
Detailed competitors of Digital River
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- Full competitor set
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Web traffic of Digital River
The website of Digital River (digitalriver.com) receives about 18.7K visits a month.
- Monthly visits18.7K
▲ 25.5% vs previous month
Websites whose visitors overlap most with Digital River. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
suth.com | suth.com | 100% | – | ||
| cron.com | 90% | 57.1K | #632,265 | View details | |
| aureatelabs.com | 83% | 46.8K | #735,465 | View details | |
| freemius.com | 83% | 155.1K | #263,164 | View details | |
| fastspring.com | 83% | 897.2K | #40,113 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Digital River
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- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in MarketingTech
3 companies that operate in the same segment as Digital River (MarketingTech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI-powered customer relationship management software | 2005 | Cambridge, Massachusetts, United States | USD 100.7 M | USD 3.13 B | 8,250 | |
Zeta Global is recognized as an AI-powered marketing cloud. | 2007 | New York, New York, United States | USD 357.58 M | USD 1.3 B | 3,142 | |
Multi-channel online marketing tools are provided for small businesses. | 1998 | Waltham, Massachusetts, United States | USD 37 M |
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Related news about Digital River
Complete news archive for Digital River
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Frequently Asked Questions about Digital River
Digital River was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Digital River is headquartered in Minnetonka, United States. It is registered at Minnetonka, Minnesota, United States.
The primary company behind Digital River, Digital River India Private Limited, reported revenue of ₹47.97 Cr for FY 2024, up 134% year on year.
Digital River was founded in 1994 and is headquartered in Minnetonka, United States. Operations focus on the fintech sector, where cloud-based platforms are developed for tax management, transaction processing, fraud detection, and regulatory compliance. Customized payment solutions are offered to businesses for accepting global transactions, with services extending to e-commerce and cross-border operations.
Digital River's top competitors include Intuit, Flutterwave and Square.
Digital River has made 9 acquisitions, including Commerce5, Direct Response Technologies, and Element5.
Digital River has 2 investors. Key investors include Siris Capital, and Earlybird.
Digital River operates through Digital River India Private Limited.
Yes. Digital River was acquired by Siris Capital in October 2014.
The legal entities of Digital River currently have 2 directors, including Harry James Cregan, Prince Soni.