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Is Shopify Owned by Spotify?

Last updated on October 1, 2022 @ 3:25 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, who were then students at the University of Waterloo. Weinand and Lake dropped out of university to work on the company full-time, while Lütke continued working on it part-time until 2006. Shopify was recognized as the Canadian Startup of the Year in 2011.

In 2015, Shopify began offering financing options to entrepreneurs; in 2016, it launched Shopify Payments (formerly known as “Shopify Payments powered by Stripe”), which allowed merchants to accept credit cards without requiring a third-party payment gateway.

In 2018, Shopify acquired TicTail, a Swedish e-commerce company; and in 2019 it signed an agreement with Google to provide its merchants with access to Google Pay.

PRO TIP: Please be aware that there is a fake Shopify website circulating that is claiming to be owned by Spotify. This website is a scam and is not affiliated with Shopify or Spotify in any way. If you come across this website, do not enter any personal or financial information.

Shopify is a publicly traded company on the Toronto Stock Exchange (TSX:SHOP) and is a constituent of the S&P/TSX Composite index.

The three founders of Shopify were students at the University of Waterloo when they started the company in 2004. Originally they wanted to build software that would allow businesses to create their own online stores but they soon realized that this was more complicated than they had anticipated. They put their project on hold for a year while they finished their degrees but by 2006 they were ready to work on it full time.

Shopify went public in 2015 and today it is one of the most popular e-commerce platforms in the world with over 800,000 active users. Despite its impressive growth, Shopify is not without its critics. Some have accused it of being too expensive and difficult to use but its popularity among small businesses continues to grow.

So is Shopify owned by Spotify? No, Shopify is not owned by Spotify.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.