Shopify boosts turnover MORE than 100%

This CMS was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open an online store for Snowboarding called Snowdevil. They couldn’t open it because they didn’t find any CMS that suited their needs until Luke, a computer programmer, came up with the idea of building their own online product sales software to get the online store up and running.

Shopify was founded in 2004, but the platform’s launch took place two years later, in 2006. In June 2009, Shopify launched a platform API and the App Store. From there, growth was unstoppable.

In 2007, it was a finalist in the CNET Webware Awards, and its staff expanded from 40 people in 2010 to 140 in 2012, with further growth to 300 in 2013. In 2020, Shopify reached 5,000 employees across 17 offices in twelve countries. They had already achieved over a million sellers using Shopify.

Shopify, an e-commerce platform that enables small businesses to sell online, reported revenue of $988.6 million (approximately 819 million euros) during the first three months of 2021, representing a 110% increase compared to the same quarter in the previous year, as reported by the company.

Revenue from subscriptions increased by 71%, reaching $320.7 million (265 million euros). This growth is mainly driven by the expansion of monthly recurring revenue and as a result of a significant increase in the number of sellers joining the platform.

If you're looking for something more professional, it's undoubtedly best to get in touch with a Shopify expert.

Contact us, and we'll be happy to review your case without any obligation.


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