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Shopify Inc. is a Canadian global e-commerce company headquartered in Ottawa, Ontario. It is likewise the name of its exclusive e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a set-up of services including payments, marketing, delivery and customer engagement tools.
Shopify was established in 2004 by Tobias Lütke, Daniel Weinand and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Dissatisfied with the current e-commerce products available, Lütke, a computer programmer in terms of professional career, rather constructed his own. Lütke used the open source web application structure Ruby on Rails to build Snowdevil's online store, and launched it following two months of development. The Snowdevil founders launched the platform as Shopify in June 2006.
In April 2010, Shopify launched a free mobile application on the Apple App Store. The application allows Shopify to storekeepers view and manage their stores from iOS mobile devices. In 2010, Shopify began its Build-A-Business rivalry, where members make a business using its commerce platform. The winners of the competition get cash prizes and mentor-ship from business entrepreneurs, for example, Richard Branson, Eric Ries and others. Shopify was named Ottawa's Fastest Growing Company by the Ottawa Business Journal in 2010. The organization received $7 million from an initial series A series of investment financing in December 2010. Its Series B round raised $15 million in October 2011.
By 2014, the platform had hosted roughly 120,000 online retailers, and was listed as #3 in Deloitte's Fast50 in Canada, just as #7 in Deloitte's Fast 500 of North America. Shopify earned $105 million as income in 2014, twice as much as it raised the past year. in February 2014, Shopify delivered its enterprise solution[buzzword] "Shopify Plus" for large e-commerce businesses with access to extra features and support.
In June 2019, Shopify reported that it would launch its own Fulfillment Network. The service vows to deal with delivery logistics for traders and will rival with an established leader, Amazon FBA. Shopify Fulfillment Network will at first be accessible to qualifying U.S. dealers in select states.
The company announced that it had more than 1,000,000 businesses around 175 countries using its platform as of January 2021, yet as indicated by Builtwith, more than 3.6 million online stores run on Shopify. The total gross product volume surpassed US$61 billion for calendar 2019.
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