Shopify Capital Launches in Australia to Support Business Growth

October 25, 2022 | | Updated: March 16, 2023

Shopify Capital, launched in 2016, funded businesses across the US, Canada, and the UK, with over $3.8 billion USD disbursed to tens of thousands of entrepreneurs. It has been extended to the merchants in Australia to prepare for the peak season sales that are coming up. It is also an intelligent move from Shopify to expand its market in Australia. Launching Shopify Capital presents Australian businesses with a greater scope to build their brand both in their country and internationally. Unlike traditional financing, Shopify Capital does not need a lengthy and complex application process. The process also avoids personal credit checks, taking equity in the business, or asking merchants for cash flow projections. Merchants can receive up to $2.5 million AUD through their Shopify store in as little as two business days to support their enterprise.