Shopify Capital launches in Canada to help businesses with quick and easy access to funds

Shopify Capital launches in Canada to help businesses with quick and easy access to funds

Canada holds a special place in our hearts at Shopify.  It’s where we’ve established roots as a company and it’s where so many of us call home. Right now, many small businesses are struggling to survive in the new reality that confronts us all. That’s why, starting today, we’re introducing Shopify Capital in Canada to provide fast relief to cash-strapped businesses across the country.

While the idea of taking on debt can feel daunting, Shopify Capital isn’t traditional financing. Instead, we offer cash advances that are repaid through future sales. Starting today, thousands of eligible Canadian merchants will have access to the money they need, with advances ranging from $200 CAD to $500,000 CAD per eligible merchant to keep their businesses going. Approval takes only a few days after a simple online application process.

This funding will fill in the gaps that banks generally can’t satisfy right now and provide businesses with the cash flow they need, when they need it most - now, not months from now.

Learn more about how to take advantage of Shopify Capital in Canada here and check out our ongoing global efforts to support merchants here

Also, we encourage all Canadian businesses to review the government’s relief programs including emergency care benefits and small business loans. Together, we’ll make it through.

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About Shopify

Shopify is the leading omni-channel commerce platform. Merchants use Shopify to design, set up, and manage their stores across multiple sales channels, including mobile, web, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business, from payments to shipping. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Headquartered in Ottawa, Canada, Shopify currently powers over 800,000 businesses in approximately 175 countries and is trusted by brands such as Nestle, Kylie Cosmetics, Allbirds, MVMT, and many more.