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In April 2017, Shopify announced the checkout feature called Shopify Pay. [4] Later that same year, the company announced a new package tracking app, Arrive, which tracked customer orders from brands on the platform and other online shopping sources.
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Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [2] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [3]
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In April 2022, Stripe Inc., Alphabet Inc., Shopify, McKinsey & Company, and Meta Platforms announced Frontier, a $925 million advance market commitment of carbon dioxide removal (CDR) from companies that are developing CDR technology over the next 9 years. [104] [105]
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In May 2023, Shopify sold its logistics service to Flexport in exchange for 13% of the company. [14] Clark resigned in September 2023 after one year in the role to founder and then executive chair Ryan Petersen. [15] Ryan Petersen regained the CEO position after the departure of Clark. [16]