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Retail

Staff Reporter

, Singapore

Published:

1 year ago

321 views

ShopBack’s Henry Chan (Co-Founder & CEO, 2nd from left) and Joel Leong (Co-Founder, 3rd from left), with Oliver Rippel (Co-Founder & Partner, 1st from left), Nick Nash (Co-Founder & Managing Partner, 2nd from right), and Brook Supanusonti (Co-Founder & Partner, 1st from right) from Asia Partners.

ShopBack bags $111m in Series F funding round

This brings its total capital raised to over $319.36m

Singapore-headquartered shopping and rewards platform ShopBack has raised $$111m (US$80m) in a Series F funding round led by Asia Partners with existing investor January Capital participating in the round.

This new funding brings the total capital raised by ShopBack to over $$319.36m (US$230m).

Recently, ShopBack launched its cashless payment feature in Singapore.

ShopBack plans to use the fresh funds to develop new and innovative products for its users and merchant partners as well as expand its presence in the Asia Pacific.

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