"Before joining ShopBack, Oo was the vice president of engineering at team communication platform Slack. He was responsible for several functions in the US-based firm such as core product interoperability as well as mobile and desktop client capabilities. He also helped build the company’s engineering center in India." "At ShopBack, Oo will be in charge of developing tech-based business growth for merchants and building new features for users. He will also lead the startup’s tech team, which currently has a headcount of 250, across its regional hubs."
"The new feature allows users to make payments via their preferred cashless payment method, such as Mastercard, Visa, or GrabPay on the ShopBack app. It also gives them additional cashback on top of rewards from their selected payment method." "Customers can link their preferred payment method available on the ShopBack app, and in-store payments will be directly debited from the linked payment method in real time. They are not required to top up funds on ShopBack Pay."
"The Asia Pacific region’s leading rewards and discovery platform ShopBack will launch its website and mobile app in Việt Nam today (August 8). It launched in Beta at the end of 2019, and has since acquired over 150 merchants and around 800,000 users. It has given back VNĐ4 billion so far."
"Starting from April 28, Ebates Korea will cease operations and users will be directed to the ShopBack Korea beta platform, according to the announcement. The official launch of the new ShopBack Korea is tentatively slated for mid-2020."
"SINGAPORE state investment firm Temasek has invested in cashback startup ShopBack, alongside some existing investors who did follow-on investments in the Singapore-based firm. The total deal value amounts to about US$30 million." "A senior executive at Temasek told BT in October last year that the state investment firm has its eye on what it calls "aspiring unicorns" in South-east Asia - companies valued between US$100 million and US$1 billion."
"ShopBack has now raised close to $85 million from investors, which also include Credit Saison Blue Sky, AppWorks, SoftBank Ventures Korea, Singtel Innov8 and Qualgro." "...it saw a 250 percent growth in sales and orders last year, which translated to nearly $1 billion in sales for its merchant partners. The company previously said it handled $400 million in 2017. It added that it typically handles more than 2.5 million transactions for upwards of seven million users."
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