Shopify Capital launched to help fund entrepreneurs
Shopify Inc (NYSE: SHOP) (TSX: SH) has unveiled Shopify Capital, a merchant cash advance product to help entrepreneurs secure growth financing. The product, which will be offered initially in the United States, tailors cash advances to a merchant's needs based on data processed through Shopify's platform. In a pilot program, merchants used Shopify Capital to buy equipment and inventory, launch new products, hire more employees, and add new channels and products, the company said. Ottawa-based Shopify, an e-commerce and retail software company, went public in May 2015.
27 April 2016•3 mins read
