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shopify.com

Founded Year

2004

Stage

IPO | IPO

Total Raised

$122M

Date of IPO

5/21/2015

Market Cap

52.20B

Revenue

$0000 

About Shopify

Shopify (NYSE: SHOP) is a cloud-based, multi-channel commerce platform that allows merchants to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. Shopify offers a professional online storefront, a payment solution to accept credit cards, and a point of sale system to power retail sales. Shopify also operates Exchange Marketplace, which is a marketplace for buying and selling eCommerce businesses.

Shopify Headquarter Location

150 Elgin Street Suite 800

Ottawa, Ontario, K2P 1L4,

Canada

888-746-7439

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Expert Collections containing Shopify

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Shopify is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

9,553 items

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

C

Conference Exhibitors

5,302 items

F

Fintech

3,330 items

Excludes US-based companies

Shopify Patents

Shopify has filed 96 patents.

The 3 most popular patent topics include:

  • Commerce websites
  • Payment systems
  • Payment service providers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/17/2020

5/10/2022

Payment systems, Graphical projections, Technical drawing, Roadsters, Light machine guns

Grant

Application Date

12/17/2020

Grant Date

5/10/2022

Title

Related Topics

Payment systems, Graphical projections, Technical drawing, Roadsters, Light machine guns

Status

Grant

Latest Shopify News

Affirm Surprises Market With Merchant and Customer Growth, Extended Shopify Pact

May 13, 2022

After sliding 40% over the past week and 90% in six months, shares of the buy now, pay later (BNPL) provider Affirm saw a 30% jump in after-hours trading Thursday (May 12) after the San Francisco-based FinTech reported strong trailing results , optimistic guidance and an extension of its Shop Pay  installment program its runs for over 100,000 Shopify merchants. The much-needed relief rally comes in the wake of months of stress that has not only battered shares of the 10-year-old business that went public just 16 months ago but has pressured the entire BNPL group, as reflected by the 50% year-to-date drop in the PYMNTS FinTech IPO Index. “We are especially proud of the reengagement we are driving with consumers, as 81% of our transactions were from repeat Affirm users,” Founder and CEO Max Levchin told analysts after the close of business Thursday. Not only did the tally mark the highest repeat transaction rate ever reported, but was the result of adding 1.5 million new customers. “[These are] consumers that joined our movement to replace confusing, outdated financial products with new, honest ones,” Levchin said, before telling analysts that the company’s strategy to drive growth, maintain attractive unit economics, and deploy superior risk management, were on track to achieve sustained profitability by July 2023. Repeat & Retain In running through Affirm’s core metrics, CFO Michael Linford pointed to the exponential increase in merchants added over the past year, which rose to 207,000 from just 12,000 in 2021. At the same time, Linford said active customers more than doubled to 12.7 million, while gross merchandise value (GMV) advanced 73% to $3.9 billion. “It’s a testament to the increasing depth and breadth of our network, no single merchant accounted for more than 10% of either revenue or GMV for the three- and nine-month periods ending March 31,” Linford said. “This demonstrates the continued diversification of our business, which we believe is a key area of strength and resilience for our firm” he added. In addition, Affirm pointed to a mix of new product launches that it said were aimed at improving customers’ lives while also maximizing their lifetime value, including its new SuperApp, browser extension, branded debit card and new Bitcoin feature that allows savings account holders to receive cryptocurrency. Exposure to Rising Rates  Rising interest rates are not only a threat to consumers and the economy but pose specific challenges for consumer finance companies, though Linford said, so far, Affirm had not had to take any action on that front, and that merchant fees had remained relatively constant. “We view that as a real mark of success. In the face of some pretty heavy competition, we were able to maintain, and even grow in some cases, the merchant fee side,” Linford said. On the consumer side, where rising APRs are the focus of attention, Linford said Affirm’s rates were strong enough to allow it to deliver compelling unit economics. “It’s true that as rates go up, there is pressure on the funding side of our business, but it is a mistake to think about that as a flow-through on a linear basis,” he said, pointing to the company’s many different funding channels with staggered maturities and very different structures as protection. ——————————

Shopify Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Shopify Rank

  • When was Shopify founded?

    Shopify was founded in 2004.

  • Where is Shopify's headquarters?

    Shopify's headquarters is located at 150 Elgin Street, Ottawa.

  • What is Shopify's latest funding round?

    Shopify's latest funding round is IPO.

  • How much did Shopify raise?

    Shopify raised a total of $122M.

  • Who are the investors of Shopify?

    Investors of Shopify include Felicis, Bessemer Venture Partners, FirstMark Capital, Georgian Partners, Insight Partners and 6 more.

  • Who are Shopify's competitors?

    Competitors of Shopify include Wayflyer, Faire, Cart.com, Ikas, CloudCart, Alloy, Shopware, Shoplazza, ExpandCart, PrestaShop and 35 more.

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