How do you like getting cash rebates when shopping online?

ShopBack introduces this concept in Southeast Asia.

More people are finding online shopping more convenient, but some are still held back by fraud and payment unreliability issues. ShopBack strives to make online shoppers in Southeast Asia worry-free. Here’s how:

ShopBack provides a trusted platform for consumers to discover new brands. Once these brands get featured, the platform will then collate the top deals and offerings from every brand’s website. ShopBack’s founders, Bryan, Joel, Henry, Derrick, Shanru and Samantha, left their jobs to focus on raising money and built this platform in-house.

Now ShopBack didn’t call itself as such for no reason. The platform also gives shoppers cash rebates for purchases made on nearly all the stores featured, splitting the sales commission from brands with shoppers, helping consumers save more when they purchase online.

ShopBack aims to become a one-stop shopping portal for consumers in Southeast Asia, assuaging people’s concerns about online shopping safety, giving consumers access to the best shopping deals and rewarding consumers for shopping online.

According to ShopBack’s founders, the cashback model is not a new concept, but it is new in the region. When asked about what makes their team unique, the ShopBack founders told SBR that it’s the passion, dedication and responsiveness of their team.

“We seek to become an essential shopping tool for online users by simplifying the process of online shopping and instilling more regulation into the e-commerce industry, allowing people to discover trusted brands and save more while shopping,” said founders.

Within the span of a year, ShopBack has raised over a million dollars in funding from both local investors as well as foreign investors in strategic markets. The company’s initial investors include East Ventures, Accel-X and a few others.

This team who loves to relish impromptu karaoke sessions at 2am plans to roll out 3 broad improvements including expanding into new countries, offer cashback on more brands and introduce new technology to help customer shop online faster, cheaper and better.

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COMPANY PROFILE

Company Name: ShopBack
Founders: Henry Chan, Joel Leong, Bryan Chua, Derrick Goh, Shanru Lai, and Samantha Soh
Website: https://www.shopback.sg/
Total funding at hand: $1 million
Source of funding / Major investors: Accel X and East Ventures
Start of Operation: 9 Sep 2014

For startups wanting to be featured, send your message to Lee Anne Babierra at research@charltonmediamail.com