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Is Shopify Capital Personally Guaranteed?

Last updated on October 1, 2022 @ 3:10 pm

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants. ”

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Unsatisfied with the existing e-commerce products at the time, Lütke and team decided to build their own.

Initially, Shopify was a software as a service (SaaS) provider. The platform was designed for small businesses and allowed them to create online stores with customizable templates, avoiding the need for expensive designers or developers.

PRO TIP: Shopify Capital is not a personal guarantee. If you are thinking about using Shopify Capital, please be aware that you may not be able to get your money back if things go wrong.

Shopify has since grown to become one of the largest e-commerce platforms in the world, powering over half a million businesses in approximately 175 countries.

Is Shopify Capital Personally Guaranteed?

No, Shopify capital is not personally guaranteed. The company is privately held and funded by a variety of institutional and individual investors. However, Shopify does offer a merchant cash advance product that is personally guaranteed by the owners of the business.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.