SA e-commerce startup SnapnSave raises capital from Vunani Capital

0
SA e-commerce startup SnapnSave raises capital from Vunani Capital
SA e-commerce startup SnapnSave raises capital from Vunani Capital

South African startup SnapnSave, which has developed a cashback grocery coupon app, has raised an undisclosed amount of funding from Vunani Capital as it builds towards its Series A round.

SnapnSave, which gives shoppers cash back on their favourite products, wherever they shop, just by snapping a photo of their till slip, secured ZAR14 million (US$980,000) in funding from Kalon and Smollan in 2017, taking in the second tranche of that investment last November.

The startup has seen significant growth since it was launched in 2015, and now has more than 350,000 users that have submitted over 1.5 million till slips and earned more than ZAR14 million (US$950,000) in rewards.

South Africa Today


Read more at VolaNews

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.