Super.com raises $85m Series C to grow savings Super App
By Delisha Fernandes
Super.com, the savings super app company, has closed its Series C fundraising round at $85 million, led by Inovia Capital. The company’s diversified business model now drives savings across all facets of customers’ lives, from travel to FinTech.
Hussein Fazal, Super.com CEO, said, “Super.com’s diversified business model now drives savings across all facets of our customer’s 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.”
In October 2022, the company rebranded its suite of products and launched SuperCash, a cashback card that allows users to build credit without barriers within the traditional financial industry.
Daniel Weisenfeld, Chief Financial Officer of Super.com, said, “Raising our Series C is proof of investor confidence in our ability to scale the business responsibly. This will allow us to both continue investing in growth while driving improving margins.”
New investors in this round include Harley Finkelstein, President of Shopify; Deb Liu, CEO of Ancestry.com; Allen Shim, former CFO of Slack; Josh Proctor, CFO of the Golden State Warriors; Chris Best, CEO of SubStack; Neha Narkhede, CTO at Confluent, and Mike Lee, co-founder of MyFitnessPal, Hyphen Capital, EDC, as well as Plaza Ventures.
Chris Arsenault, Partner, Inovia Capital, said, ”We partnered with Hussein Fazal, Henry Shi, and the Super team over six years ago and have consistently been impressed by their performance in the travel sector. We are excited to double down on our investment in the company and continue to support its journey, propelled by the recent launch of SuperCash.”
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