Shopify Inc. (NYSE:SHOP) is rising on the heels of its success in the past four quarters.
The company has seen its business improve over the last fiscal year thanks to the company’s e-commerce expansion. Other companies or startups can use Shopify to sell their products or services.
The move has helped the company see its customer base rise by almost 25% year-to-date, while SHOP shares have skyrocketed more than 100% since February.
Revenues have risen about 93% year-over-year, while subscription solutions revenue popped 72%, and merchant solutions revenue rose 121%.
Shopify’s growth has been linked to the companies expansion in its ability to customize its platform, improved user support, as well as an easier model to use for large retailers.
The company has launched Shopify Plus, which helps more than 1,000 merchants including Kanye and Red Bull to sell their products.
Additionally, the e-commerce retailer has made its merchant solutions better with Shopify Payments. The app helps merchants accept and send payments in an easy manner, both online and offline.
Apple Pay and Android Pay will both be integrated into the company’s platform. The Shopify Partner Accelerator is a new program that allows those on the industry to improve their technical and entrepreneurial skills.
The company announced the availability of its chip, tap and swipe reader in the U.K. recently. 10% of the company’s merchants are based in the European country.
SHOP stock is up 1.9% Monday.
