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Fintech & e-commerce

Savings App Super.com Raises $85M Series C

Illustration of Robot Piggy Bank.

San Francisco-based , which offers consumers savings and access to credit, locked up an $85 million Series C led by .

The startup 鈥 formerly Snapcommerce 鈥 did not release a valuation, but said it 鈥渟ignificantly鈥 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 鈥渟uper鈥 apps are popular abroad 鈥 think 鈥 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鈥檚 offering of deals and savings across multiple categories such as travel and retail could be a draw for many consumers. In addition, Super.com鈥檚 鈥淪uperCash鈥 offers cash back and credit building.

鈥淪uper.com鈥檚 diversified business model now drives savings across all facets of our customers鈥 lives, from travel to fintech. It鈥檚 great to see market excitement match our own as we rapidly build the first savings super app focused on everyday Americans,鈥 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 鈥 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 鈥 when the funding environment was very different 鈥 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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