when ever it is possible
ShopBack, a cashback app based in Singapore, has notched $75 million in a Temasek-led extended Series B fundraising round. EDBI, EV Growth, Rakuten, 33 Capital and Cornerstone Ventures also partook in the round, DealStreet Asia reported.
ShopBack CEO and Co-founder Henry Chan said, per the report, “With the new funding, we will develop new features to help our users save even more money and time by making smarter buying decisions.” It was noted that the additional funding would be used to grow ShopBack’s data capabilities and to bolster its technology infrastructure.
ShopBack’s rivals include Snapdeal, which is backed by Wavemaker, and Fave, which is backed by Sequoia India. The company also contends with regional “super apps” like Grab, which offer rewards through digital wallets.
The company has more than 19 million users, providing cash back in categories that include travel reservations, general merchandise, food delivery, groceries, fashion, and health and beauty. ShopBack has expanded into physical stores in Singapore, enabling users to get rewards for entertainment, dining and in-store commerce
https://www.pymnts.com/news/retail/2020/...back-funding-cashback-app/
GrabFood has officially launched on ShopBack, enabling 1.5 million ShopBack users in Singapore to enjoy cashback on their GrabFood orders. Users can now save a little extra when they are placing a food delivery order from their favorite F&B outlets, including McDonalds, Playmade, and Din Tai Fung.
• New GrabFood customers will get 8% cashback (capped at $1.50) • Existing GrabFood customers will get 2% cashback (capped at $0.40)
To access these rewards, users have to first launch the ShopBack app, then type in “GrabFood” in the search bar or click on “GrabFood” under the New Stores on ShopBack section. This will redirect the user from the ShopBack app to the GrabFood app, allowing for the cashback to be tracked. The user should have the latest version of Grab installed.
https://www.retailnews.asia/...-extra-savings-on-all-grabfood-orders/
ShopBack launches cashback reward platform in Vietnam Thu, 13 Aug 2020 16:11:00
ShopBack’s website and mobile app made their official debut in Vietnam on Saturday, bringing about a smarter way for local online shoppers to “shop, save and discover”.
Online shoppers in Vietnam can now earn up to 25 percent cashback from ShopBack Vietnam’s roster of over 150 merchants. These include international and regional brands like Lazada, Shopee, Watsons, Booking.com, Klook and 7-Eleven, as well as local brands Tiki, Sendo, Juno, G Kitchen, Vascara, and Fahasa. Founded in 2014, ShopBack, a leading rewards and discovery platform, now serves over 20 million users in nine markets across Asia Pacific. Besides Vietnam, it is also present in Singapore, Malaysia, the Philippines, Indonesia, Taiwan, Thailand, Australia, and South Korea.
ShopBack rewards users with cashback across a wide range of categories including general merchandise, travel bookings, fashion, health and beauty, groceries, and food delivery.
https://en.vcci.com.vn/...aunches-cashback-reward-platform-in-vietnam |