5 Fastest Growing E-Commerce Companies in 2020

2. Shopify Inc. (NYSE: SHOP)

Market cap: $136.7 billion

Revenue Growth in 2020: 86%

Canadian cloud-based retail giant Shopify ranks 2nd on the list of the 15 fastest growing e-commerce companies in 2020. Small and medium-sized businesses use the company’s software and tools to manage their operations across all sales channels. Some of the most popular brands that use Shopify include Swiss chocolate maker Lindt and fitness apparel Gymshark.

Shopify had revenue of $2.9 billion in 2020 where revenue from Subscription Solutions increased by 41% to $908.8 million, while revenue from Merchant Solutions increased by 116% to approximately $2 billion. Shares of SHOP have gained 223% over the past twelve months.