Shopback, a Singapore based e-commerce venture specializing in offering cashback has raised US $ 45 million in series B funding from EDBI and other investors. They previously closed series A round of US $ 25 million in 2017.
With this latest round of funding, Shopback is set to create its presence in new markets.
ShopBack is a digital loyalty and discovery platform, on a mission to create a world of Smarter Shoppers. Founded in 2014, ShopBack has since established its online presence in 7 APAC countries and offices in 8 countries.
With more than 1,500 eCommerce merchants onboard, ShopBack counts Taobao, Expedia, Lazada, Zalora and other well-known local and international brands amongst its merchants. With 6 million users and powering 1 order every 3 seconds, we have awarded more than USD 25 million in cashback till date.