SPH co-invests US$1.68m in Indonesia's Snapcart

Singapore

SINGAPORE Press Holdings (SPH) on Tuesday announced its first SPH Media Fund investment in the new year - part of a US$1.68 million "pre-Series A" funding into Snapcart, an Indonesia-based cashback and consumer insight app.

Snapcart, which enables consumers to submit photos of their receipts onto the app in exchange for cashback or rewards, uses artificial intelligence to generate real-time consumer insight from these receipts for advertisers and brands.