Investor Updates

ShopBack raises US$80 million in Series F investment led by Asia Partners

24 Jun
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ShopBack today announced that it has raised US$80 million of new capital in a funding round led by Asia Partners. The raise is to support the Group’s vision to build the leading shopping and rewards platform across the Asia Pacific region. Existing investor January Capital also participated in the round. This new funding brings the total capital raised by ShopBack to over US$230M.

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ShopBack: The world's most rewarding way to shop

The ShopBack Group is Asia-Pacific’s leading shopping, rewards, and payments platform, serving over 40 million shoppers across 11 markets. In 2023, the Group expanded its offerings into Germany, signalling its entry into the European market.

Driven by the vision to be the world's most rewarding way to shop, ShopBack is dedicated to saving members money and time, while delivering delightful experiences with every purchase. The platform also enables merchants and brands to engage with their members in a cost-effective manner.

Founded in 2014, ShopBack now powers over US$4 billion in annual sales for over 20,000 online and in-store partners. Facilitating upwards of half a million transactions daily, ShopBack continues to provide value to both members and merchants through its innovative offerings. Notably, its payment solution, ShopBack Pay, offers members a convenient and rewarding payment option at checkout.

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