Shopify loans and merchant cash advances increased $102m in last 6 months
Per their earnings report, Shopify reported on their balance sheet that they have $918m in loans and merchant cash advances for the period ending June 30, 2024. Compare that to the period ending Dec 31, 2023, at $816m and that's a $102m increase.
They don't talk about these products much in their press release or other media appearances so you have to look at their balance sheet.
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