Shopify Capital Issued $76.4M in Merchant Cash Advances in Q3

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Shopify Capital, Shopify’s funding arm, issued $76.4 million in merchant cash advances in the third quarter, the company revealed. That brings the total to $375 million advanced since April 2016.

Overall, the company reported Q3 revenue of $270.1 million and a net loss of $23.2 million.

The company operates an e-commerce platform for online stores and retail POS systems.

Last modified: October 25, 2018

Category: Industry News, merchant cash advance


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