E-commerce firm ShopBack has raised US$25 million in its latest funding round, bringing the company’s total financing to date to close to US$40 million.
The latest round was led by Credit Saison, the largest credit card and retail finance company in Japan, ShopBack said in a media release on Tuesday.
More than 10 institutional investors participated in the round, including new investors Blue Sky, AppWorks, Intouch Holdings, Aetius Capital and 33 Capital, as well as existing investors SoftBank Ventures Korea, Singtel Innov8, Qualgro and East Ventures.