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WeCommerce’s Q4 Certainly Wasn’t Tiny

WeCommerce’s Q4 Certainly Wasn’t Tiny

Technology Sector Fintech Entrepreneurship

The company’s revenue in Q4 2022 was over $13 million, an increase of nine percent on Q4 2021

WeCommerce, a local leader providing ecommerce enablement software and tools for merchants, announced its financial results for the three- and twelve-month periods ended December 31, 2022. Of note, the company’s revenue in Q4 2022 was $13.3 million: an increase of nine percent on Q4 2021. 

“We are pleased to report strong Q4 performances for our apps and themes segments, which have continued to demonstrate resilience and growth in the face of challenging market conditions,” said Chris Sparling, co-CEO. “The investments in product development across our portfolio continue to bear fruit, and we are looking forward to key feature launches in Q1 and Q2 of this year. As we prepare and move forward with the previously announced transformational transaction with Tiny, we are confident that we are well-positioned to capitalize on the significant potential of our combined businesses.”

That transaction saw Tiny and WeCommerce merge on January 23. Founded by Andrew Wilkinson and Chris Sparling, Tiny is a tech holding company that invests and takes majority positions in a variety of businesses. It has acquired over 30 companies since 2016 and has self-funded its growth since inception without raising any equity capital. Tiny founded WeCommerce and remains its largest shareholder.

News like this quarterly report is often followed by fine-print cautioning the use of “forward-looking information.” It’s never an exact science looking into the future, after all. But, as far as Tiny and WeCommerce are concerned, optimism is justifiably present. 

Andrew Wilkinson is the co-founder of Overstory Media Group, the parent company of Victoria Tech Journal.

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