Shopify Now Powers Over 500,000 Businesses in 175 Countries
August 01 2017 - 7:05AM
Business Wire
Leading the future of commerce, Shopify
celebrates major company milestone
Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading multi-channel
commerce platform, today announced it now powers more than 500,000
businesses in 175 countries around the world. Since 2012, the
number of merchants on the Shopify platform has grown annually at
an average rate of 74%, and these merchants have achieved over $40
billion dollars in sales.
From Bangladesh to Brooklyn, Shopify’s growing community of
entrepreneurs includes makers, creators and innovators, from
students trying to pay for school to merchants who have scaled from
first sale to seven-figure businesses. Shopify has always strived
to take the path that leads to more entrepreneurs by designing its
platform to remove the technical, operational, and financial
barriers to enable anyone anywhere to build, grow, and scale a
business.
“Through our platform, over half a million entrepreneurs have
turned their dreams into reality,” said Tobi Lütke, Founder and
CEO, Shopify. “Entrepreneurship is the foundation of the global
economy and it's not easily done alone. That’s why our mission has
always been to make commerce better for everyone to encourage
anyone, anywhere to become an entrepreneur.”
The Network Effect of 500,000 Merchants
Merchant Demographic Breakdown:
- Merchant growth in Q2 year over year
was global, with a 56% increase in North America, 82% increase in
Asia, 168% increase in South America, and 70% increase in
Africa
- More than 1.2 million people are
actively using the Shopify backend platform
- Today, more women entrepreneurs than
men have built their businesses on Shopify, at 52% and 47%
respectively, with 1% other
- Average age of Shopify merchants: 18 -
24 (7.3%); 25 - 34 (37.5%); 35 - 44 (30.0%); 45+ (24.9%)
Merchant Success:
- 131 million people have bought from
Shopify stores in the last 12 months
- Shopify merchants generated sales of
over $100,000 per minute during Black Friday and Cyber Monday of
last year
Third-party Partner Ecosystem:
- Shopify's third-party partner
ecosystem, made up of creative agencies, freelance designers and
developers, digital marketers, photographers, SEO specialists and
brand strategists, generated an estimated $430M in revenue in
2016
- Developers have published over 1,800
apps in the Shopify App Store with over 7M installs to date
As the retail landscape continues to evolve, Shopify is
committed to helping current and future merchants adapt and create
seamless shopping experiences. By interweaving tools like mobile,
analytics, and innovative products with marketing and customer
service, Shopify is shaping the future of commerce both online and
offline.
About ShopifyShopify is the leading cloud-based,
multi-channel commerce platform designed for small and medium-sized
businesses. Merchants can use the software to design, set up, and
manage their stores across multiple sales channels, including web,
mobile, social media, marketplaces and physical retail locations.
The platform also provides merchants with a powerful back-office
and a single view of their business. The Shopify platform was
engineered for reliability and scale, making enterprise-level
technology available to businesses of all sizes. Shopify currently
powers over half a million businesses in approximately 175
countries and is trusted by brands such as Tesla, Nestle, GE, Red
Bull, Kylie Cosmetics, and many more.
Forward-looking StatementsThis press release contains
forward-looking information and forward-looking statements within
the meaning of applicable securities laws (“forward-looking
statements“), including statements with regard to Shopify's
operating and growth strategy. Words such as “expects”,
“anticipates” and “intends” or similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions and no assurance can be given that
the launch will occur as planned. Shopify undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170801005542/en/
Shopify Inc.Sheryl So, 416-238-6705 x 302Public Relations
Managerpress@shopify.com
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