Shopify continues to dominate both e-commerce and FinTech 😤📱; Global FinTech investment cools in H1 2024, but AI and RegTech shine amid uncertainty 💸🤖

FinTech is Eating the World, 7 August

Hey Everyone,

Good morning & happy Thursday! Today’s issue is something I was looking forward to the whole week as today we’re going to look at the latest numbers from Shopify (deeper dive into Shopify’s Q2 2024, unpacking the numbers, what they mean & why you can’t ignore this FinTech & E-commerce giant), and the newest data on global FinTech investment landscape (holistic view of H1 2024 focusing on the key trends, why they matter & what’s next + bonus reads on Worldpay, Nuvei & extra resources to scale your startup irrespective of the market sentiment). So let’s just jump straight to the fascinating stuff 🌶️

Shopify continues to dominate both e-commerce and FinTech 😤📱

Earnings time 🤑 Shopify SHOP 0.00%↑ pulled the Toronto Stock Exchange out of its 5-week slump with stellar second-quarter results. The tech sector flourished, thanks largely to Shopify's 23% share hike, driven by its AI-enabled e-commerce tools that beat analysts' revenue forecasts and set an optimistic outlook for the current quarter.

In short, Shopify's Q2 2024 results demonstrate the company's continued dominance in the e-commerce infrastructure space, with robust growth across key metrics despite a challenging macroeconomic environment.

Let’s dive deeper and unpack the latest numbers to see why Shopify might be worth your time and money in 2024.