Snapcart, a Jakarta, Indonesia-based consumer reward platform, raised $1.675m in funding.
The round was led by Wavemaker Partners and Singapore Press Holding’s SPH Media Fund with participation from existing backers Sinar Mas Digital Ventures and Ardent Capital.
The company intends to use the funds to continue to expand operations.
Co-founded in 2015 by Reynazran Royono, CEO, Laith Abu Rakty, CTO, and Mayeth Condicion, CDO, Snapcart provides a cashback app that incentivizes consumers by rewarding them in exchange for scans of their shopping receipts. The insight it then offered to brands and retailers, providing them with an accurate measurement of consumer behavior.