Shopify reports rise in quarterly revenue

(Reuters) - Canada's Shopify Inc on Wednesday reported a 16% rise in second-quarter revenue, as more small and mid-size businesses used the e-commerce giant's platform to set up stores online.

Revenue rose to $1.3 billion, in line with analysts' average estimate of $1.33 billion, according to Refinitiv IBES data.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Sriraj Kalluvila)