Temasek leads $40m Series E round for cashback startup ShopBack

Temasek leads $40m Series E round for cashback startup ShopBack

ShopBack's South Korea ambassador actor Jung Kyung-ho. Source: ShopBack.

Singapore-based cash rewards and discount company ShopBack has raised S$54 million ($40 million) in a Series E round led by state investor Temasek, according to regulatory filings.

The funding was first reported by the Australian Financial Review (AFR) on Thursday.

Other investors in the round include Indies Capital, East Ventures, Chunghwa Pchome Fund, Dynasty Kingdom and January Capital.