Investor Updates

ShopBack Completes Final Close Of Oversubscribed US$200M Series F With Strategic Investment From Westpac

8 Dec
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The ShopBack Group today announced that it has raised US$30 million in equity capital via a strategic investment from Westpac Banking Corporation. The raise follows the Group’s earlier announcement of its US$160 million Series F tranche from Asia Partners and 65 Equity Partners; together with commitments from other new and existing investors, this brings the final close of its Series F round to US$200 million.

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ShopBack: The world's most rewarding way to shop

The ShopBack Group is Asia-Pacific’s leading shopping and rewards platform, serving over 40 million shoppers across 11 markets.

ShopBack was founded in 2014 and today, ShopBackers across the region continue to win over shoppers by constantly upping their game - be it rewards or meaningful experiences - such that shoppers can achieve a personal victory every time they use ShopBack.

The Group powers over US$3.7 billion in annual sales for over 20,000 online and in-store merchant partners. In 2022, ShopBack launched ShopBack Pay and PayLater, extending the platform's offerings into financial services, providing shoppers responsible and convenient payment options at checkout.

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