To fund the development of a super app akin to WeChat, Super.com, an all-in-one savings platform, has raised USD 85 million in debt and equity.
At a “significantly” higher valuation than a 2021 Series B, the Series C includes a USD 60 million equity investment from a group of angel investors, including Inovia Capital. Additionally, the company has a USD 25 million credit facility.
Late last year, Super.com, formerly known as Snapcommerce, underwent a rebranding and introduced SuperCash, a cashback card that gives users a chance to establish credit outside of the confines of the conventional financial sector.
Read More: Super.com raises $85m for savings super app
