Singapore’s Trax buys US-based shopping rewards app Shopkick

The newly minted unicorn from Singapore continues to expand its retail portfolio with this latest addition

Singapore-based unicorn Trax has added another retail company to its portfolio with the acquisition of Shopkick, a California-based shopping rewards app. The value spent on the buyout is not disclosed, Bloomberg reported.

Shopkick will continue to operate as an independent unit.

Shopkick allows its users to shop and earn rewards and gift cards by browsing online offers, watching...

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