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Shopify

Shopify

Shopify is an Ottawa-based cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, founded in 2004 by Tobias Lütke.

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary E-Commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.

Shopify has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks, and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Pay, Shopify Shipping, and Shopify Capital.

Shopify has said their platform was engineered for reliability and scale, making enterprise-level technology available to businesses of varying sizes.The company reported that it had more than 1,000,000 businesses, including brands such as Tesla, Red Bull, Nestle, GE and Kylie Cosmetics, in approximately 175 countries using its platform as of June 2019. They reported total gross merchandise volume exceeding $41.1 billion for the calendar year 2018.

Timeline

September 14, 2021
Shopify ranks second this year on the 2021 TSX30, the Toronto Stock Exchange’s program.
July 16, 2021
Shopify officially launches Shopify Inbox, new centralized chat product for merchants.
May 20, 2020
Shopify announces a new merchant debit card and support for payment installment plans.
May 19, 2020
Shopify partners with Facebook to launch new online storefront tool.
May 11, 2020
Shopify launches what it called "a fully rebuilt and reimagined" Shopify POS.
April 28, 2020
Shopify launches consumer-facing shopping assistant app.
March 31, 2020
Shopify releases its financial results for Q1 2020.
August 14, 2019
Shopify launches first native chat function for merchants.
2019
Shopify releases a host of new features to its suite of e-commerce products.
December 11, 2013
Shopify raises a $100,000,000 series C round from Bessemer Venture Partners, Felicis Ventures, FirstMark Elite, Georgian Partners and OMERS Ventures.

Funding rounds

Patents

People

Name
Role
LinkedIn

Aaron Brady

Senior Production Engineer

Alaine Mackenzie

Senior Content Strategy Lead

Alex Topalov

Lead Developer

Amy Shapero

Chief Financial Officer

Andre Lyver

Director of Engineering

...

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Meagan Simpson
September 30, 2021
BetaKit
Shopify's global Indigenous programs lead has departed to join Indigenous-owned digital agency Animikii, as it looks to raise a Series A round of capital.
Josh Scott
September 30, 2021
BetaKit
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Meagan Simpson
September 21, 2021
BetaKit
Shopify has reportedly beaten Amazon in online traffic, according to data showing all Shopify-powered sites surpassed Amazon in unique visitors last quarter.
Josh Scott
September 16, 2021
BetaKit
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Charles Mandel
September 14, 2021
BetaKit
Shopify ranked second this year on the 2021 TSX30, the Toronto Stock Exchange's program showcasing the 30 top-performing stocks over a three-year period.
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References

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