Super.com, an all-in-one savings platform, has successfully raised $85 million in debt and equity to develop a super app akin to WeChat.
The Series C funding round includes $60 million in equity investment led by Inovia Capital, along with contributions from several angel investors, reflecting a “significantly” increased valuation compared to its 2021 Series B funding. Additionally, the company has secured a $25 million credit facility.
After rebranding from Snapcommerce late last year, Super.com introduced SuperCash, a cashback card that enables users to build credit without the usual barriers of traditional financial institutions.
Super.com is actively expanding its savings super app, offering users discounts and savings in various categories. The platform boasts over five million customers globally, helping them save more than $150 million to date.
This model aligns with the approach of widely used “super apps” like WeChat, which have billions of users.
“Super.com’s diversified business model now drives savings across all facets of our customers’ lives, from travel to fintech. It’s great to see market excitement match our own as we rapidly build the first savings super app focused on everyday Americans,” said Super.com CEO Hussein Fazal.