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Shopify

Tobias Lütke · 2006

Shopify is a Canadian multinational cloud e-commerce management platform for retail point-of-sale systems, founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake. In 2024, it processed US$292.3 billion in transactions, with 5 million customers. Its software is praised for ease of use and reasonable fee structure, and it is described as the 'go-to e-commerce platform for startups'. Shopify went public in 2015 and uses a two-class voting structure that grants disproportionate voting control to Lütke despite his minority economic stake.