SG cashback platform ShopBack secures $80m from Temasek arm

SG cashback platform ShopBack secures $80m from Temasek arm

ShopBack team.

Singapore-based cashback platform ShopBack has raised an additional $80 million in equity in a Series F extension from 65 Equity Partners, a wholly-owned subsidiary of state investor Temasek Holdings.

Having raised $80 million from Asia Partners in July this year, the total funds raised by ShopBack in its Series F round now stands at $160 million, the company announced on Monday. It has raised over $310 million in total funding to date.

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