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Shopify Announces Shopify Capital

OTTAWA, Ontario, Apr 27, 2016 (BUSINESS WIRE) -- Shopify Inc. SHOP, -1.31% (SH), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced Shopify Capital, a merchant cash advance product to help entrepreneurs secure financing and accelerate their business growth.

“For many merchants, securing capital is a frustrating and time-consuming process,” said Saad Atieque, Product Manager at Shopify. “With Shopify Capital, we’re giving entrepreneurs a simple, fast, and convenient way to secure financing to invest in their business. Similar to our payments and shipping solutions, Shopify Capital represents one more way Shopify can help entrepreneurs strengthen their business operations.”

Most entrepreneurs and online businesses have a hard time securing financing through traditional sources. Shopify is able...