- Business
- Shopify Inc. (Ticker: 0VHA.L) provides a comprehensive cloud-based e-commerce platform that enables merchants to build online stores, manage inventory, process payments, fulfill orders, and sell across multiple channels including online, in-person, wholesale, and social media; core offerings include Shopify Basic for startups, Shopify Advanced for scaling businesses, Shopify Plus for high-volume enterprises with advanced API limits and customization, Shopify POS for omnichannel retail, Shopify Checkout for accelerated payments via Shop Pay, Shopify Markets for international localization and shipping, Shopify Admin for centralized management, Shopify Email for marketing campaigns, and a 16,000+ app ecosystem spanning marketing automation like Klaviyo, sales channels for Amazon and TikTok, inventory tools such as Oberlo, customer engagement via LoyaltyLion, and analytics integrations with QuickBooks and Avalara. The company targets businesses from solo entrepreneurs to enterprises like Tesla, LVMH, and Nestlé, powering over 5 million customers worldwide that processed US$292.3 billion in gross merchandise volume in 2024, with 57% in the United States. Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake and headquartered at 150 Elgin Street in Ottawa, Ontario, Canada, Shopify operates globally with offices in North America, Europe including Dublin and Vilnius, and Asia-Pacific such as Singapore and New York. Recent developments include partnerships with Google Cloud and Cognizant in April 2024 for end-to-end digital commerce, Adyen in June 2023 and expanded PayPal integration in September 2024 for enterprise payments, Coveo in October 2024 for AI-driven product discovery, Mirakl in 2024 for third-party marketplaces, and Target for digital shelf features; Checkout Blocks acquisition in June 2024 for no-code checkout customization and Threads for business communication; divestiture of logistics arm to Flexport in May 2023 yielding a 13% stake; Nasdaq listing transfer from NYSE in March 2025 with Nasdaq-100 inclusion in May 2025; AI enhancements like Sidekick, image generation, and expanded GraphQL APIs supporting 2,000 product variants in 2025 releases; and rapid international expansion with 42% year-over-year GMV growth outside North America, particularly in Europe and Asia-Pacific.