Shares of Global-e Online (NASDAQ: GLBE) stock declined 14% in April, according to data provided by S&P Global Market Intelligence. Although there wasn't any company news, the business was on the receiving end of continued investor backlash toward unprofitable growth stocks in the current volatile climate.

Simple and necessary services, like checkout in various currencies and instant customs calculations by country, enable e-commerce retailers to do business globally. However, it doesn't make sense for most organizations to develop them in-house. Global-e runs a platform that offers cross-border solutions for enterprise customers. 

Cross-border commerce is a no-brainer for companies that want to increase sales, and Global-e has an impressive roster of high-profile clients like Adidas and Disney. It also recently acquired competitor Borderfree, with its large client base, including Macy's and . And it has a partnership with Shopify, through which its services are offered to the company's millions of merchant clients.

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Source Fool.com