ShopBack

company

About

ShopBack is an e-commerce loyalty platform that offers cashback services from online stores.

  • 501 - 1000

Details

Last Funding Type
Series B
Last Funding Money Raised
$30M
Industries
E-Commerce,Loyalty Programs,Shopping
Founded date
Jan 1, 2014
Number Of Employee
501 - 1000
Operating Status
Active

ShopBack offers a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in Southeast Asia’s e-commerce Cashback market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, powering over 1,000 orders per hour.

ShopBack enhances shopping by providing up to 30% Cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. With over 1,300 merchant partners, including Uber, Expedia, and Lazada, ShopBack constantly strives to bring a smarter shopping experience to the consumers.

In October 2015, ShopBack was awarded the winner of the Gold award in the Best Start-up (Growth Stage) category and a Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles. The company was recently awarded the Emerging Enterprise Award in September 2016, jointly organized by The Business Times (Singapore) and OCBC Bank, which recognizes outstanding small and medium enterprises (SMEs) in Singapore.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$55M
ShopBack has raised a total of $55M in funding over 2 rounds. Their latest funding was raised on Mar 12, 2020 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 12, 2020 Series B $30M 2 Detail
Nov 7, 2017 Series A $25M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
ShopBack is funded by 2 investors. Rakuten and 33 Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Rakuten Series B
33 Capital Series B