Petra Acquisition Inc. Shopify (SHOP - Free Report) recently announced acquisition of TicTail, a Swedish e-commerce company, per a report by Financial Post.However, the financial terms have been kept under wraps. “Thank you for reaching out. B&T GHM9 Gen 2 Compact Pistol-MAG PROMO H&K, UZI's MAC-10.
Tictail users signing into their account were greeted by a message that announced Tictail is “joining Shopify to empower brands like yours online.”. The analyst views the acquisition positively and said it aligns with Shopify’s goal of enabling entrepreneurs while also providing a potential catalyst for growth internationally.

Available: Shopify acquires Swedish e-commerce company Tictail for undisclosed amount.

We can notice that is a net increase in only two months in only two months. [Online]. (November 26th 2018).

A reaction from one seller: “I like how they say that they’re making the transition smooth when it’s going from a free platform to $27 a month.”. Benzinga does not provide investment advice. ... *Real-time prices by Nasdaq Last Sale.

Create one. Summary. Operator of a DIY e-commerce platform intended to connect independent and emerging designers with shoppers. Further, Tictail said users will have until April to the option to migrate their account to Shopify. All rights reserved. news broke that the company acquired Tictail, Why You Should Be Buying Chinese Stocks Regardless Of Who Wins The Election, Shopify Shares Surge On Strong Q3 Revenue, GMV Growth.

All rights reserved. This article was originally published on BetaKit. It appears this acquisition by Shopify is mostly for user accounts and possibly some technology they may integrate later into their platform. A daily collection of all things fintech, interesting developments and market updates. “Neither Tictail or Shopify has shared an official release on the acquisition/merger at publication time, let … Privacy Policy / Do Not Sell My Personal Data. Please read the Shipping & FAQ page before making a purchase! Terms of the acquisition were not disclosed, but Shopify general … This acquisition shows Shopify is going forward with its business strategy. All rights reserved. Strangely neither Shopify nor Tictail has any publicly facing information about the acquisition. Wong said he left his meeting convinced that the physical presence in Los Angeles will help generate merchant adds, drive GMV growth and improve retention.

Shopify Adds Venmo As a Checkout Option For Its Merchants, Facebook Group for Small Business Sellers, As Second Lockdown Hits UK, OnBuy Vows To Save UK Businesses, Amazon Hiring 100,000 Seasonal Workers To Be Ready For Dual COVID Related And Holiday Season Sales Surge, Amazon Sellers Reap Big Sales From 2020 Edition Of Prime Day. Tictail has a variety of payment options from which sellers can choose: Tictail Payments is integrated in shops automatically, and sellers can also choose to offer PayPal and Klarna. An iPad with the Shopify Inc. app is displayed at the entrance to the company's headquarters in Toronto, Ontario, Canada, on Wednesday, Nov. 11, 2015. Price: $1,549.00 View product. Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Online marketplace Tictail will close next year, and sellers are venting about the bad news as they look for alternatives.

At the time, it said its sellers came from across 140 countries worldwide, with the most popular regions being Sweden, UK, France, and Germany.

In a statement to website Tictail confirmed the purchase by Shopify.

Copyright 2020 – Bafos Media, Inc. / Understanding Ecommerce Ltd. Amazon Accidentally Leaks Customers’ Names and Emails.

OTTAWA -- Shopify Inc. says it has acquired Swedish e-commerce company Tictail. As of January 21st 2019, the value of SHOP is 158.42$US. Shopify Acquires Swedish Competitor Tictail; LA Retail Location Leaves Analyst Bullish. Advance Renewal: Renewal of an agreement prior to its expiry. Shopify Inc (NASDAQ: SHOP) shares were surging Monday after news broke that the company acquired Tictail, an e-commerce platform focused on … Shopify Merchant Feedback Paints Bullish Picture For Q2, Roth Capital Says In Earnings Preview, Citron Blasts Shopify, Says Changes To Facebook Data Will 'Annihilate' Company's Entrepreneurs, View More Analyst Ratings for SHOP © 2020 PitchBook Data. If you continue to use this site we will assume that you are happy with it. Everything you need to know about the market - quick & easy. Although no financial information has been revealed, Shopify saw its stock value increase by 5.44% the day the announcement broke out, having a final closing price of 144.44$US. The public information available reveals that Tictail, founded in 2012 and based in Sweden has managed to collect 32M in funding since its beginnings. “Management has talked up investments in brand marketing and we view the LA location as a strategic approach to killing two birds with one stone,” the analyst said.

Which marketplace do our readers feel is best? When a website user clicks on these links, we get commissions for purchases made. Jama says the company wasn’t forced into acquisition with plenty of cash reserves, but felt that joining Shopify was the best way to continue working directly on product.

Campus de l'Université de Montréal The tech website thinks the acquisition by Shopify isn’t the preferred outcome for the founders and investors of Tictail, as the platform will be shut down next year.

The 6 River acquisition is expected to close in the December quarter. Acquired Organization: Tictail Tictail is a global community that allows you to discover the world’s greatest independent brands. News broke on November 26th 2018.

Programming note: Market Call episode for Oct. 29, Canadian tech firms look to cash in on cannabis with innovations and apps, Shopify plots online cannabis-sales domination after Canada's debut, Shopify says Canadian pot websites taking 100 orders a minute on legalization day.