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72 Shopify Seeks Licenses to Push Deeper Into Fintech

The Information
Ann Gehan @ The Information 1 place · today 09:00 EDT

Shopify Seeks Licenses to Push Deeper Into Fintech

Commerce giant Shopify is seeking regulatory approvals to take a bigger role in offering financial and payments services to the millions of merchants using its software.

Shopify has already secured money transmitter licenses in more than a dozen U.S. states to hold and move funds itself, and it is seeking them nationwide. If that happens, the company would get more control over how money moves through its platform and potentially would be able to generate more revenue from the hundreds of billions in trans

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