<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Pachama, a California-based carbon credit platform, announced a carbon offset purchase agreement with Shopify to spearhead a first-of-its-kind reforestation investment in Brazil's Atlantic Forest.
      </p>
    </li>
    <li>
      <p>
        Under the collaboration, Shopify will pay Pachama USD 3.37 million through its Sustainability Fund to reforest approximately 200 acres of land, which is expected to remove 45,000 tons of carbon over 17 years.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://pachama.com/blog/pachama-gets-backing-from-shopify-to-pioneer-reforestation-initiative/">
      Press release 1
    </a>
  </p>
  <p>
    <a href="https://www.businesswire.com/news/home/20240403004197/en/Pachama-Gets-Backing-from-Shopify-to-Pioneer-Groundbreaking-Reforestation-Initiative-in-Brazil%E2%80%99s-Atlantic-Forest">
      Press release 2
    </a>
  </p>
</div>


Food Waste

PROMINENT_CATEGORY

<div>

 <p>The carbon credit platform, Pachama, based in California, has recently made public its carbon offset purchase agreement with Shopify. This agreement marks a groundbreaking reforestation investment in the Atlantic Forest of Brazil. </p>
 <p>This collaboration entails a payment of USD 3.37 million by Shopify to Pachama via its Sustainability Fund. The aim of this investment is the reforestation of around 200 acres of land. Over the span of the next 17 years, this initiative is projected to remove 45,000 tons of carbon. </p>

</div>

Pachama and Shopify partner to pioneer reforestation in Brazil

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

<div>
 
 <p>The carbon credit platform, Pachama, based in California, has made an announcement about a carbon offset purchase agreement with Shopify. This unprecedented reforestation investment is located in Brazil's Atlantic Forest.</p>
 <p>In this collaborative effort, Shopify will be handing over USD 3.37 million to Pachama through its Sustainability Fund. This fund will be utilized to reforest around 200 acres of land. Over a span of 17 years, it is anticipated to extract 45,000 tons of carbon.</p>
 
</div>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

ANALYST_QUICK_TAKE

<div> 

<p>Freight forwarding firm Flexport, known for its digital focus, received a significant financial boost, USD 260 million, from ecommerce giant Shopify. The funds were provided through an uncapped convertible note agreement.</p> 
<p>This investment has reinforced Flexport's financial standing, supporting the development of its comprehensive logistics tech platform designed for global commerce.</p>

</div> <p><b>Analyst QuickTake:</b> This investment expands upon Shopify's initial financial involvement with Flexport, which began <a href="https://www.reuters.com/markets/deals/shopify-divests-logistics-arm-flexport-strategic-reversal-2023-05-04/"> in May 2023 </a> with an undisclosed investment. Concurrently, Shopify divested the majority of its logistics operations, including fulfillment services provider Deliverr to Flexport.&nbsp;</p>

Flexport raises USD 260 million from Shopify

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

<div>
 <p>Freight forwarding company Flexport has secured USD 260 million investment from ecommerce company Shopify. The funding is facilitated through an uncapped convertible note agreement. This financial support boosts Flexport's mission to continue developing its comprehensive logistics technology platform for global commerce.</p>
</div> <p><b>Analyst QuickTake:</b> This investment expands upon Shopify's initial financial involvement with Flexport, which began <a href="https://www.reuters.com/markets/deals/shopify-divests-logistics-arm-flexport-strategic-reversal-2023-05-04/"> in May 2023 </a> with an undisclosed investment. Concurrently, Shopify divested the majority of its logistics operations, including fulfillment services provider Deliverr to Flexport.&nbsp;</p>

Now anyone can become a software developer.

No-code Software

DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>Q3 2023 revenue increased by 25% to USD 1.7 billion, resulting in 30% YoY growth. Merchant sales revenue rose by 24% to USD 1.2 billion due to a 22% YoY increase in gross merchandise volume. Q3 Subscription Solutions' revenue also grew by 29%.</p></li>
  <li><p>Operating income for the quarter was USD 122 million, equivalent to 7% of the total revenue, an improvement compared to the prior year's operating loss of USD 346 million.</p></li>
  <li><p>Shopify launched the "Retail Plan" and "POS Terminal" during the quarter.</p></li>
  <li><p>Shopify formed partnerships with Flexport, Buy with Prime app, Faire, and WPP.</p></li>
 </ul>
</div>

Shopify Q3 2023 update: New retail plan, innovative POS terminal, and strategic partnerships

A foundational component to the next generation of digital entertainment.

Esports

Moist Esports and Shopify Rebellion, the esports brand of Shopify, are merging their Valorant rosters to create a new team called Moist x Shopify Rebellion (MxS). This move aims to consolidate the North American Challengers League roster slots and potentially open up a spot for an additional squad in the Valorant league. Moist and Shopify Rebellion have both been competing in the Valorant league, and this partnership is expected to enhance their competitive opportunities in the future.

Moist Esports enters partnership agreement with Shopify Rebellion

TSM, a successful esports organization, has sold its League of Legends franchise slot to Shopify Rebellion, an esports brand affiliated with Shopify. Shopify Rebellion aims to grow its presence in esports by acquiring the former TSM League of Legends roster. This move comes amidst challenges faced by the LCS, including a decrease in viewership and disruptions in the 2023 season.

TSM sells its LCS franchise to Shopify Rebellion

Shopify has integrated with Solana Pay, a decentralized payment protocol, to enhance payment processing for merchants using the Shopify platform. This integration allows for direct settlement of USDC with Solana, eliminating bank fees and chargebacks. Solana Pay is "fee-free" and offers advantages over credit cards in terms of processing fees. Additionally, crypto-focused brands like Helius, Mad Lads, and MonkeDAO plan to integrate Solana Pay into their Shopify storefronts. The plugin is compatible with crypto wallets like Phantom, Solflare, and Glow that have integrated with Solana Pay.

Solana Pay integrates with Shopify as new payment option

Shopify’s Q4 2022 earnings beats consensus estimates; gives weaker revenue outlook due to normalizing demand

Giving creators the power of content monetization and audience engagement.

All Updates

Pachama and Shopify partner to pioneer reforestation in Brazil

Pachama and Shopify partner to pioneer reforestation in Brazil

Flexport raises USD 260 million from Shopify

Flexport raises USD 260 million from Shopify

Shopify Q3 2023 update: New retail plan, innovative POS terminal, and strategic partnerships

Moist Esports enters partnership agreement with Shopify Rebellion

TSM sells its LCS franchise to Shopify Rebellion

Solana Pay integrates with Shopify as new payment option

Shopify’s Q4 2022 earnings beats consensus estimates; gives weaker revenue outlook due to normalizing demand

Shopify launches tokengating tools for NFT sellers