European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent research observatory tracking Europe’s listed growth companies.

By Francesco Castellaneta

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Annual rank41

Poland · Technology

Shoper

Provides one place where online business owners can sell and manage the entire sales process.

+97%revenue growth
FY2022–FY2025
+164%net-income growth
FY2022–FY2025
+122%stock return
FY2022–FY2025
−21%2026 stock return
current context only

Company profile

From first catalogue to multichannel operations

Shoper gives Polish merchants a hosted route from first catalogue to multichannel operation. Its SaaS platform combines Storefront design, product and order administration and hosting with payments, shipping, advertising and financing. Premium adds capacity and specialist integrations for larger stores; Apilo coordinates stock and orders across marketplaces. Shoper says it supports more than 20,000 e-shops. This profile covers Shoper and Apilo services only, not the wider products or customer scale of cyber_Folks or Vercom.

Storefront and operations

A visual shopfront can grow into a more specialised platform

Storefront adds more than 70 drag-and-drop modules, a live visual editor, mobile-width previews and cart features for security and quick checkout. Premium targets more demanding stores with advanced search, 99.9% platform availability, round-the-clock infrastructure monitoring and support. More than 250 applications in Shoper App Store extend the core without forcing every merchant onto the same configuration.

Around the transaction

Checkout, parcels, finance and customer acquisition connect

Shoper Payments brings instant transfers, BLIK, cards, instalments and deferred payment into checkout. Shoper Parcels puts couriers, parcel lockers and pickup points in one built-in service. In 2026, official DPD and DHL plugins added labels, returns and cross-border delivery choices inside the store dashboard; the cited pickup-point counts belong to the carriers' networks, not to Shoper. Separate offers add working-capital finance and business accounts, while Shoper Campaigns manages acquisition across search, social and marketplaces.

Multichannel control

Apilo coordinates marketplaces and a new AI sales channel

Apilo is the order-management layer for sellers using their own store plus marketplaces. It synchronises prices and stock, gathers orders, creates shipping labels and connects warehouses and accounting systems across channels such as Allegro, Amazon, eBay, Empik, Etsy, OLX and Kaufland. In March, Shoper made Apilo the integration route into InPost Mobile's beta AI shopping service, connecting product feeds and orders. Shoper said all platform merchants would be able to apply, but application did not establish access, onboarding remained with InPost and the release gave no active-store, order or general-availability KPI.

Scale and merchant journeys

The platform's reach is visible in transactions and real stores

In 2025 Shoper reported PLN 11.8 billion of GMV in Shoper stores, PLN 21 billion across its omnichannel measure and support for more than 20,000 e-shops. Its LANO case follows a Polish furniture merchant opening localised stores in Czechia, Germany, France, Romania, Denmark, Slovakia, the Netherlands and Sweden within twelve months, using Stripe and Apilo; the Philo New York case shows Premium handling frequent fashion drops and sharp traffic peaks.

Current 2026 update

What is changing at Shoper in 2026?

Shoper was merged into cyber_Folks after the merger was registered on 1 September 2026. Its dashboard and Apilo continue as distribution rails for logistics, AI shopping and agency-led growth within the combined group. The published 2026 annual ranking remains the historical record of Shoper as assessed for that edition.

Latest official evidence Shoper Investor Relations Published 1 September 2026

The change in one sentence

The legal merger is complete; the operating ecosystem keeps widening.

Shoper adds carrier networks, an InPost AI channel and a Verseo reseller model. Separately, Q1 GMV growth coexisted with lower omnichannel and store take rates.

Four lenses on 2026

The same four-quadrant format used in the Company profile.

01 · Merger

Court registration completes the cyber_Folks–Shoper merger

Shoper shareholders approved the merger on 20 July. On 1 September, cyber_Folks reported that the court registered the merger, related share-capital increase and amended articles. Shoper Investor Relations also states that the merger was formally completed. The previously disclosed exchange ratio was 0.2281 cyber_Folks share per Shoper share, subject to rounding and cash adjustments. This does not rewrite Shoper’s position in the already published annual ranking.

  • Current signalMerger registered 1 September 2026
  • Why it mattersThe legal combination is complete; integration of products, customers and operations remains a separate execution question.
  • cyber_Folks 2026-09-01
  • Shoper Investor Relations 2026-09-01

02 · Embedded logistics

DPD and DHL move cross-border logistics into the dashboard

The March DPD plugin covers more than 33,000 pickup points and lockers in Poland and 150,000 across 33 European countries. The June DHL plugin adds courier, pallet, locker, pickup, label and returns workflows from Shoper's dashboard, with access to over 165,000 out-of-home locations across 28 European countries; UK and Ireland support was deferred to a later phase. Those network counts belong to the carriers, not Shoper.

03 · New growth channels

Apilo is the route into InPost's beta AI channel

InPost's beta shopping service lets users search and buy inside its mobile app with an AI assistant. Shoper built the Apilo route for product feeds and orders; the app has more than 16 million users, but the release gives no active-store or order KPI and says access follows InPost onboarding. On 11 August, Verseo joined the Partner Program to build and migrate stores and add SEO, AI visibility, paid media, analytics and conversion support. First implementations are reported without a count or economics. Separately, Q1 omnichannel GMV rose 49%, while omnichannel and store take rates fell to 0.91% and 1.81% from 1.25% and 1.89%.

04 · What to watch

Three questions for the next disclosures

With the legal merger registered, the next disclosures should separate share-market and operating integration from merchant adoption and monetisation.

  • Post-merger implementationWhen do Shoper shares leave trading, and what disclosed operating changes follow the 1 September merger registration?
  • Logistics adoptionHow many merchants and shipments use the DPD and DHL plugins, and when does DHL add the United Kingdom and Ireland?
  • AI and partner economicsDoes the InPost service move beyond beta, how many stores and orders use it, and how many Verseo-led implementations reach production? Separately, do later take rates stabilise?

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202541+97%+164%+122%