Is Shopify Better To Build Ecommerce Solutions?

Shopify statistics to ponder on:

  • In the third quarter of Shopify’s 2018 Financial Report, the subscription Solutions Revenue increased by 46% reaching a whopping $120.5 million.
  • Merchant Solutions revenue witnessed a surge by 68%, i.e., $149.5 million.
  • In 2019, Shopify’s Monthly Recurring Revenue for Q1 was $44.20 million, which marks a 36% year-over-year increase. In terms of yearly revenue, Shopify’s grew from $101.10 million in 2017 to $146.60 million in a year.

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