ShopBack raises US$45 mil in latest funding round

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SINGAPORE (Apr 10): ShopBack, the rewards and discovery platform, has secured US$45 million (S$60.9 million) in its latest funding round, bringing the company’s total funding to US$83 million.

This latest funding round sees new investors, including co-leads EV Growth and Rakuten Capital, as well as EDBI, a government-linked strategic investor, along with other existing investors. Following which, Amit Patel, CEO of Ebates, a Rakuten company, and Willson Cuaca, managing partner of EV Growth, will join ShopBack’s board of directors.

ShpopBack’s new round of funding will be deployed into simplifying shopping experiences, expanding data capabilities to fuel personalisation and business insights, as well as...(click on link for full story on theedgesingapore.com)