Cashback App Snapcart Eyes South East Asian Expansion

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The Indonesian cashback mobile app Snapcart has received 1.6 million US dollars’ worth of funding. Snapcart allows users to get cashback by uploading photos of their shopping receipts. The app launched in autumn last year and in that time has gained 150,000 downloads and over 85,000 monthly active users. It intends to use the investment to expand into other South East Asian countries, with the Philippines having been confirmed as its first new target market. It hopes the expansion will help it to reach 1 million downloads by the end of the year. The app also wants to use the investment to develop a video feature and an analytics tool. 

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