{"id":61355,"date":"2026-10-29T10:23:06","date_gmt":"2026-10-29T07:23:06","guid":{"rendered":"https:\/\/thesauditimes.net\/en\/?p=61355"},"modified":"2026-10-29T10:23:06","modified_gmt":"2026-10-29T07:23:06","slug":"shopify","status":"publish","type":"post","link":"https:\/\/thesauditimes.net\/en\/shopify\/","title":{"rendered":"Shopify: the commerce platform company and what it does"},"content":{"rendered":"

Shopify Inc. is a Canadian commerce company whose software lets merchants run online stores, sell in physical shops and take payments from one system. Its principal executive offices are in Ottawa and New York, and its shares trade on Nasdaq and the Toronto Stock Exchange.<\/p>\n

The company now handles a large part of online retail in the United States. Merchants on Shopify sold goods worth $378 billion in 2025, the company’s revenue rose 30 percent to $11.6 billion, and Shopify estimates its share of US e-commerce at more than 14 percent.<\/p>\n

\"Shopify:
The office tower at 150 Elgin Street in Ottawa, with Shopify signs on its upper floors, 2019. Photo: Jeangagnon, CC BY-SA 4.0, via Wikimedia Commons<\/figcaption><\/figure>\n

Overview and Founding<\/h3>\n

Shopify Inc. was incorporated on September 28, 2004. Its roots lie in an online snowboard shop that Tobi L\u00fctke and a partner started that year, and the company released its commerce platform to other merchants in 2006.<\/p>\n

Growth picked up in the following decade. In December 2013 Shopify raised $100 million in a round led by OMERS Ventures and Insight Venture Partners, and by late 2014 it had about 500 employees, with more than 100,000 businesses using its software.<\/p>\n

The company describes its mission as making commerce better for everyone. Its annual report calls the business “essential internet infrastructure for commerce”.<\/p>\n

Key Milestones<\/h3>\n