ShopBack acquires South Korean rebates platform Ebates
ShopBack, an online rewards and discovery platform, has acquired South Korean cash-back startup Ebates, according to a company statement.
Although the terms of the deals were not disclosed, this acquisition will grow ShopBack’s user base and strengthen its list of merchants offering cashback properties.
The company is projected to have over 500,000 customers in South Korea this year.
Henry Chan, Co-founder of ShopBack, said: “South Korea’s digitally mature mindset and rapid adoption of e-commerce makes it a core and high-potential market for cash-back platforms. By entering the market through the acquisition of Ebates Korea, we will be able to leverage its strong local presence to become the nation’s leading cashback platform.”
Ripple, Siam Commercial Bank partner to ease money transfer solutions for customers
Thailand’s first indigenous bank Siam Commercial Bank (SCB) has announced a partnership with Silicon Valley-based blockchain company Ripple to ease money transfer solutions for customers, according to a company statement.
This partnership will allow Ripple to expand the coverage of its remittance services across 12 countries and help SCB to establish solutions that will enhance its financial products that can address its customers needs.
The countries where the service will be provided are the UK, the US, Singapore, France, Germany, Italy, Spain, the Netherlands, Ireland, Austria, Belgium, and Portugal.
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ShareChat buys meme sharing platform Memer to serve the social needs of Indian masses
Regional social networking platform ShareChat has acquired a meme discovery and sharing platform Memer for an undisclosed amount, according to The Economic Times.
Post the deal, Memer’s product suite will be integrated into Twitter-backed ShareChat, and the eight-member team will join the Bengaluru-based startup.
“Today, ShareChat is on a rapid growth path, and it’s really important to keep a sharp focus on product innovation and faster execution. Therefore, we are looking for inorganic opportunities to complement our organic efforts and power the growth engine,” said Manohar Charan, VP of Corporate Development of ShareChat.
MindFi makes its mindfulness app free for healthcare workers during COVID-19
MindFi, a mobile app for mindfulness meditation, has partnered with the Labour Movement’s Healthcare Academy to offer healthcare workers free access to its service, according to the company statement.
“In these times of crisis, our public healthcare workers are at the frontline and selflessly doing their part for society. From the comforts of our homes, we want to help these carers care for themselves. We hope MindFi can be a useful tool for self-care during their brief moments of rest to restore some calm and comfort. We are also in discussions with more partners to broaden our social impact during these trying times,” said Bjorn Lee, founder of MindFi.
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This initiative comes during a time when there is growing pressure on the nation’s healthcare system to combat the upsurge in COVID-19 cases.
MindFi app aims to provide a diverse set of mindfulness activities based on personal goals during this period to support the warriors of COVID-19
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Image Credit: Shopback
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