Shopify, the Canadian e-Commerce platform is supporting online businesses with a loan of $200. The company plans to launch many small companies globally. It will offer them an initial investment via Shopify Capital when the merchants join the platform by linking a bank account.
Shopify is willing to encourage people to begin businesses in 2020. It has created a user-friendly funding system to start a new business. Kaz Nejatian, VP of Shopify Financial Solutions, mentioned, “For the immigrant who is new in the country, the student in the college dorm and the mom who has been out of work for a while the starter loan makes it a little bit easier.”
Source: https://www.pymnts.com/news/b2b-payments/2020/shopify-supports-startups-with-200-loans/
