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Ebates Korea

Stage

Acquired Unit | Acquired

About Ebates Korea

Ebates Korea is the South Korean branch of Ebates, a company that owns and operates online cashback shopping platforms that reward shoppers with cashback on purchases while also providing access to thousands of coupons, discounts, promotions and special deals, including free shipping.Ebates Korea was acquired by ShopBack on April 28, 2020. The terms of the transaction were not disclosed.

Headquarters Location

South Korea

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Latest Ebates Korea News

Daily Briefing: Syfe partners with SGX to launch REIT portfolio; ShopBack acquired South Korea's largest cashback platform Ebates Korea

Apr 29, 2020

And Vickers Venture Partners leads a $48.15m funding round for a California-based startup. From e27: MAS-licensed digital wealth management firm Syfe collaborated with Singapore Exchange (SGX) to launch a portfolio that allows everyone to invest in and track the SGX’s iEdge S-REIT 20 Index, according to an announcement. The newly launched product consists of the largest and most tradeable Singapore REITs; the S-REIT 20 spans sectors that include retail, industrial, office, and logistics. New and current clients of Syfe REIT+ can choose either a pure REIT portfolio for maximum real estate exposure or a risk-managed portfolio that balances REITs with government bonds to defend against rising volatility. The REIT allocation for both portfolios will replicate the iEdge S-REIT 20 Index. Portfolio adjustments can be made using the Syfe mobile application on the iOS and Android platforms. From DealStreetAsia: Singapore-based rewards and discovery platform ShopBack has expanded into South Korea with the acquisition of the country’s largest online cashback platform Ebates Korea, according to a company statement. Financial details of the acquisition were not disclosed. ShopBack said Ebate Korea will cease operations following the acquisition and its users will be directed to ShopBack Korea’s beta platform. The former said the deal will strengthen its roster of merchants offering cashback in the country. ShopBack acquired Ebate Korea from Rakuten, which invested in the Singapore-based cashback platform’s $45m series B funding round last year. From e27: Lumitron Technologies bagged $48.15m in a funding round led by VC firm Vickers Venture Partners, according to an announcement. Joining the round were Perennial Value Management, Clinton Capital (Australia) and Roth Capital (US), along with several global family offices. With the new funding, Lumitron aims to build its first commercial X-ray systems in Q4 2020. Lumitron said that it is already receiving strong interest from university research facilities and government institutions across the world. Vickers is known for its investment in leading tech and non-tech companies, which include Baidu, the Asian Food Channel and TWG Tea. Do you know more about this story? Contact us anonymously through this link . Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us. To get a media kit and information on advertising or sponsoring click here . More News

Ebates Korea Frequently Asked Questions (FAQ)

  • What is Ebates Korea's latest funding round?

    Ebates Korea's latest funding round is Acquired Unit.

  • Who are the investors of Ebates Korea?

    Investors of Ebates Korea include ShopBack.

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