San Francisco-based , which offers consumers savings and access to credit, locked up an $85 million Series C led by .
The startup ��� formerly Snapcommerce ��� did not release a valuation, but said it ���significantly��� increased from its March 2021 Series B. The raise includes $60 million in equity and $25 million in a credit facility.
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Firms that participated in the round include , , , , EDC and . Several notable individuals also participated, including NBA superstar , CEO Deb Liu and CEO .
Super.com is an all-in-one savings app. While so-called ���super��� apps are popular abroad ��� think ��� they have not caught on as quickly in the U.S. However, with everyone trying to save money in today’s economic environment, Super.com���s offering of deals and savings across multiple categories such as travel and retail could be a draw for many consumers. In addition, Super.com���s ���SuperCash��� offers cash back and credit building.
���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 in a .
Big money
Of course, trying to bring a lot of consumer features under one umbrella is not new, even in the U.S., as apps like have done so for a while. Also specializing in savings is something many apps have focused on ��� including , which was bought by for $4 billion in 2019.
However, Super.com is hoping its merging of both shopping and savings in one app will be the differentiation it needs. The company said it has surpassed $1 billion in sales.
The company last raised cash in 2021 ��� when the funding environment was very different ��� landing another $85 million round.
The new cash brings the total amount Super.com has raised to more than $150 million, per the company.
Illustration: Dom Guzman
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