#ThursdayTool - Shopify

Music Service Profile: Shopify, inc.

Name: Shopify

Synopsis:

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.

The company reported that it had more than 2,000,000 businesses in approximately 175 countries using its platform as of December 2022, geographically dispersed as follows: 55% North America, 25% Europe Middle East and Africa, 15% Asia Pacific, Australia and China and 5% in Latin America (Mexico and South America). According to BuiltWith, 1.58 million websites run on the Shopify platform as of 2021. According to W3Techs, 4.4% of the top 10 million websites use Shopify. The total gross merchandise volume exceeded US$197 billion for calendar 2022. As of July 2022, Shopify is among the top 20 largest publicly traded Canadian companies by market capitalization.

Type

Public

Industry

E-commerce

Founded

2006

Founders

Tobias Lütke

Daniel Weinand

Scott Lake

Headquarters

Ottawa, Ontario, Canada

Area served

Worldwide

Services

Online shopping

Number of employees

11,600

Website

www.shopify.com