What exactly does Shopify do?

Shopify Inc. is a worldwide e-commerce firm from Canada. Its proprietary e-trade platform for online stores and retail point-of-sale systems also goes by that name. Online stores may use a variety of services through the shopify platform, including tools for payments, advertising, shipping, and customer interaction.

Best Shopify Partner Agency to information provided by the company, as of May 2021, more than 1.7 million businesses in over 175 countries were utilizing its platform. As of 2021, 1. 58 million websites are powered by the shopify platform, according to builtwith. According to w3techs, 4.4% of the top 10 million websites employ the best Shopify Partner Agency, and the total sales volume for calendar year 2019 was over US$61 billion. According to market capitalization as of 2022, Shopify is among the top 10 biggest publicly listed Canadian firms. The total income for 2021 is expected to be $4. 611 billion USD.

Tobias Lütke and Scott Lake started shopify in 2006 after failing to launch their own online snowboarding equipment store, snowdevil. Lütke, a computer programmer by trade, was dissatisfied with the prevalent e-commerce products on the market and instead created his own. After two months of development, lütke built Snowdevil's online shop using the free and open-source Ruby on Rails framework. In June 2006, the creators of Snowdevil introduced Shopify as their platform. Liquid, an open-source template language developed by shopify and used since 2006, is written in ruby.

Shopify launched an application store and utility programming interface (api) platform in June 2009. The shopify app store now offers packages that developers have created for Shopify's online businesses.

Shopify released a free mobile app on the Apple App Store in April 2010. The software allowed shopify save owners to monitor and manage their stores from iOS mobile devices. Shopify launched its build-a-company competition in 2010, in which contestants use its e-commerce platform to construct a business. The competition's winners get monetary awards and business coaching from people like Richard Branson, Eric Rie, and others. The Ottawa Business Magazine recognized Shopify as being the city's fastest-growing company in 2010. [16] In December 2010, the company received $7 million from its inaugural round of venture capital investment. In October 2011, their series b round received $15 million.

Shopify purchased choice start studios inc ("s3"), a mobile software developer, along with 20 of the company's mobile engineers and designers, in February 2012. Shopify acquired Toronto-based, 25-person design company Jet Cooper in August 2013.

Shopify announced the debut of shopify bills in august 2013. In february 2020, store pay was given a new name. Keep Pay enabled retailers to simply take credit cards without the need for a third-party payment system. The company also revealed the arrival of an iPad-focused point of sale device. For the purpose of accepting payments from debit and credit cards, an iPad is used. In December 2013, the company received $100 million in series C investment.

By 2014, the platform has housed around 125,000 online shops and was ranked #3 in Canada's Fast50 and #7 in North America's Fast 500. In 2014, shopify generated $100 million in sales, which is twice as much as it did the year before. Shopify announced "shopify plus" in February 2014 for major e-commerce agencies, giving them access to extra features and support. Get more info…

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