• ShopBack

  Participated · Equity · Nov 2017

  ShopBack is a Singapore-based startup that operates an online shopping rewards app. The company is backed by Temasek Holdings Pte and has been raising late-stage capital as it prepares to go public. Recently ShopBack added $80 million to its extended Series F round. The injection was described in coverage as involving Temasek’s 65 Equity Partners and Asia Partners. The round brings ShopBack’s disclosed total capital raised to more than $310 million. Public reporting frames this financing as part of the company’s continued late-stage fundraising activity. ShopBack is a Singapore-based cashback app. The company closed a $75 million extended funding round. The round was led by Temasek. The article describes Temasek as Singapore’s state investor. The financing is referred to as an extended round in the coverage. The article does not provide additional details such as other investors, financing instruments, prior rounds, founding year, or operating metrics. ShopBack is a Singapore-based cashback and consumer rewards platform serving seven Asia Pacific markets. Its core product gives consumers rebates across e-commerce, ride‑hailing, food delivery, online travel and more, and it has moved offline with a food discovery and payment service launched in Singapore. The company operates in Singapore, Malaysia, the Philippines, Thailand, Taiwan, Australia and Indonesia and maintains R&D centers in Vietnam, Singapore and Taiwan. ShopBack reported a 250% growth in sales and orders last year, translating to nearly $1 billion in sales for its merchant partners; it previously handled $400 million in 2017 and typically processes more than 2.5 million transactions for over seven million users. Its Australia business has grown rapidly—claiming about 300,000 registered Australian users and a 1,300% increase in purchases through its platform between May 2018 and March 2019. ShopBack plans to launch in Vietnam next and is hiring a general manager there; the company says Western expansion is possible but not imminent. ShopBack is a Singapore-based cash-back e-commerce service that curates deals and cashback offers from partner merchants across six Southeast Asian countries and Taiwan. Founded in 2014, it helps users earn cash back when shopping through its platform and works with roughly 1,300 partner merchants. The company reports annualized sales for its partners of over $300 million and says more than 3.5 million users have signed up, with peak volumes near 1,000 orders per hour. ShopBack is expanding geographically — targeting Australia next — and is hiring initial senior management and local teams (typically 10–15 staff per country) to support that growth. It is also investing in R&D and diversifying its product set, recently launching a ride-sharing product that lets users choose providers such as Grab, Uber or local rivals like Go-Jek. Management says it aims to help users beyond just saving money by addressing fragmented markets and imperfect information, though those initiatives are in early stages.

• Toast

  Led · Series A · Nov 2016

  Toast operates a mobile Android app that digitizes cross-border remittances and cuts fees for migrant workers. It partners with existing local remittance stores and kiosks so recipients can collect funds while disintermediating large providers like Western Union. Founded in 2015 by CEO Aaron Siwoku and based in Singapore, Toast is active in Hong Kong and the Philippines and has secured a remittance license in Singapore. Since going live in March it processes over $1 million in payments per month from Hong Kong to the Philippines. The company originally used blockchain and bitcoin but abandoned that approach due to regulatory concerns. Toast plans expansion to Indonesia, Malaysia, India and Pakistan and later Europe (18–24 months out) and is exploring product extensions such as micro-loans and insurance for migrant workers. Toast, formerly known as Cryptosigma, pivoted away from bitcoin and blockchain and rebranded in July to operate as a "bitcoin invisible" remittance solution. The company targets Filipino workers in Singapore and their families in the Philippines. Toast plans to let consumers load its forthcoming smartphone app (due on Google Play) with a local offline travel card or a bank account to send money. The app is designed to bypass traditional remittance agents. Toast is a Startupbootcamp alumnus and has reportedly raised seed funding to support the product rollout. The startup aims to tap the sizable Philippines remittance market, which a 2010 World Bank study noted was the second-largest recipient in Asia and accounted for 10% of the country's GDP in 2014.

• Cloud Alliance

  Led · Series A · May 2016

  Cloud Alliance Pte Ltd is identified in the article as a mobile games company. The piece provides no details about specific game titles, product portfolio, or the company’s business model. Aetius Capital led a $5 million Series A investment in the company. The article does not disclose operating metrics such as revenue or user counts. It also does not provide the company’s founding year, headquarters, or prior funding history. No information on future plans or use of proceeds was included.

No current team members are available.