Singapore’s rewards app ShopBack raises $45m led by EV Growth, Rakuten

Photo: Reuters

ShopBack, a Singapore-based rewards discovery platform, has raised $45 million in a Series B funding led by EV Growth and Rakuten Capital. EDBI and other existing investors also participated in this round.

A number of appointments have also been made to ShopBack’s board as a result of the capital raise. Amit Patel, CEO of Ebates, Inc., a Rakuten company, and Willson Cuaca, managing partner of EV Growth, will join ShopBack’s board of directors.

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