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Evolve Bank & Trust Names Ryan Gilbert and Ed Labry to Its Payment Processing Solutions Advisory Board General Partner of Propel Venture Partners , and Edward (Ed) Labry, Vice Chairman of First Data Corporation. This group of seasoned professionals brings comprehensive financial and payments expertise from various market segments and will provide guidance to support continued innovation at Evolve. We are so pleased to have Ryan [Gilbert] and Ed [Labry] as members of this board, said Scot Lenoir, Chairman of Evolve Bancorp Inc. Ryan and Ed are respected thought-leaders and bring tremendous understanding of the payments industry. We look forward to their contributions as Evolve continues to advance our technology and solution offerings for our current and future partners. ....
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Shopify hits record revenue, profits amid massive year of growth Shopify’s fourth-quarter and full-year financial results for 2020 list record revenues and profits for the e-commerce retailer, following a year of COVID-fueled growth. The Ottawa-based company’s total revenue for the full year 2020 was $2.9 billion, an 86 percent increase from 2019. Shopify’s gross profit grew 78 percent, as a result, to $1.5 billion in 2020, compared with $865.6 million for 2019. All numbers are in USD. In the fourth quarter alone, Shopify recorded total revenue of $977.7 million, a 94 percent year-over-year increase. “The spirit of entrepreneurship was strong in 2020, as our merchants’ resilience and ability to adapt helped many of them thrive in a difficult year,” said Harley Finkelstein, Shopify’s president. “Shopify is at the heart of our merchants’ businesses with entrepreneurs around the world trusting us with their livelihoods.” ....
Shopify has expanded its payment offering, Shop Pay, to Facebook and Instagram, making it available to merchants selling on the two social media platforms. ....
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