Amazon Acquires Selz An Australian Shopify Competitor

Amazon confirms it has acquired Australian e-commerce startup Selz, a Shopify competitor that employs less than 50 people and has raised $11M. It is one of many online services that provide technology to help small businesses operate e-commerce sites and process payments. It’s a market dominated by Canada-based Shopify, which has seen its stock soar amid the pandemic with the acceleration of e-commerce and more people launching online businesses.