Tag "Shopback"
ShopBack CEO Admits Overexpansion Led to Laying off 24% of Staff
Shopping and rewards platform ShopBack’s CEO Henry Chan announced that the company will be laying off 195 roles which amounts to 24% of its group headcount. Chan described the layoffs as a last resort to become “more focused and self-sustainable”
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ShopBack to End BNPL Service in Singapore and Malaysia by 22 March
ShopBack, a shopping and rewards platform, revealed that it will be discontinuing its Buy Now, Pay Later (BNPL) service effective from 22 March 2024 in Singapore and Malaysia. This decision will affect both online and in-store transactions across its network
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Singapore’s BNPL Firms Must Comply With Code of Conduct by Nov 2023
The Buy Now, Pay Later (BNPL) Code of Conduct, developed by the BNPL Working Group, has entered its next phase of implementation. The working group was formed by the Singapore Fintech Association (SFA) and industry players under the guidance of
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ShopBack Extends Series F With US$30 Million From Westpac
Shopping and rewards platform ShopBack has extended its Series F fundraise yet again with an investment of US$30 million (AU$44 million) from Australian multinational banking and financial services company Westpac. Shopback begun its Series F raise in June with US$80
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ShopBack Raises Additional US$80 Million From Temasek’s 65 Equity Partners
Shopping and rewards platform ShopBack announced that it has extended its Series F funding round with US$80 million of equity capital from Temasek’s 65 Equity Partners. The completion of the raise is subject to customary regulatory approvals. This follows an
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Temasek-Backed ShopBack Secures US$80 Million in Series F
Shopping and rewards platform ShopBack announced that it has raised US$80 million in a funding round led by Asia Partners, bringing its total funds raised to over US$230 million. ShopBack’s existing investor January Capital had also participated in the funding
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Temasek-Backed ShopBack Acquires APAC BNPL Player hoolah
Shopping and rewards platform ShopBack announced that it has acquired hoolah, a buy now, pay later (BNPL) platform. Details of the deal were not disclosed. The deal comes on the heels of ShopBack’s recent US$40 million funding round led by
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Singapore Personal Finance Management Platform Seedly Acquired by ShopBack
Seedly, the personal finance management platform based in Singapore, is joining forces with ShopBack, the one-stop lifestyle portal of Singapore. This is the Cashback e-Commerce startup’s first acquisition after its USD40M funding announcement in November 2017. In an agreement to
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