BizSugar.com › Raising Capital › Shopify Partners with Export Development Canada to Insure Merchant Cash Advances

Shopify (NYSE:SHOP), a cloud-based, multi-channel commerce platform, announced September 20 that it has partnered with trade finance and insurance solutions agency Export Development Canada (EDC) to insure the merchant cash advances offered by Shopify Capital.
Shopify Capital is the new service the ecommerce platform launched in April this year to help small business owners and entrepreneurs secure financing and accelerate their business growth. The service seeks to tailor cash advances to each merchant’s needs, based on data processed through the Shopify platform, in order to help them grow their business.