ShopBack
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.
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hoolah
Acquisition in 2021
Hoolah is an Asia-based buy now pay later platform headquartered in Singapore, operating in Singapore, Malaysia, and Hong Kong. The company provides a payment service that allows consumers to purchase products and pay for them in three interest-free installments, followed by two additional equal automated payments. Hoolah aims to enhance consumer affordability, enabling individuals to acquire the items they desire while aligning payments with their budgeting and salary cycles. The platform also offers merchants a cost-effective and data-driven solution to improve customer acquisition, retention, and conversion rates, as well as to increase basket sizes. By focusing on both the consumer and merchant journey, hoolah seeks to deliver innovative payment solutions that benefit all parties involved.
Ebates
Acquisition in 2020
Founded in 1998, Ebates, now known as Rakuten Rewards, is a leading cash back and shopping rewards platform. The company has established itself as a pioneer in the industry, offering a free loyalty program that has attracted over 12 million members who have collectively earned more than $1 billion in cash back from their purchases. Ebates partners with a wide range of popular retail stores, allowing customers to earn rewards on both domestic and international shopping. Headquartered in the San Francisco Bay Area, the company operates 12 offices globally and is affiliated with other businesses like ShopStyle and Cartera Commerce.
Seedly
Acquisition in 2018
Seedly is a Singapore-based FinTech startup founded in 2016, focused on providing a personal finance management platform that assists users in making informed financial decisions. The platform offers an expense tracking app that allows users to sync up to five bank accounts, providing an overview of their balances, monthly cash flow, and categorizing expenses automatically. With a user base of approximately 40,000 individuals, Seedly aims to help young working adults save time and spend more wisely. In addition to expense tracking, the platform enables users to crowdsource financial knowledge from peers, further empowering them to make smarter financial choices.
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