{"id":72452,"date":"2021-04-24T09:00:00","date_gmt":"2021-04-24T07:00:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=72452"},"modified":"2021-04-23T13:51:37","modified_gmt":"2021-04-23T11:51:37","slug":"global-savings-group-takes-over-shoop","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/72452\/global-savings-group-takes-over-shoop\/","title":{"rendered":"Global Savings Group acquires Shoop"},"content":{"rendered":"<div class=\"entry-content\">\n<p><a href=\"https:\/\/www.shoop.de\/\" target=\"_blank\" rel=\"noreferrer noopener\">Shoop<\/a> is a Berlin-based loyalty platform that offers consumers cash rewards. Since its founding in 2010, the startup has built a network of more than 2,000 online retailers and brands. According to the Berlin-based company, they have paid out over \u20ac100 million in cashback to their users since its founding. The acquisition is intended to connect Shoop&#039;s customer base with GSG&#039;s extensive network of advertisers, brands, and publishers, thus securing future growth.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe deal strengthens GSG\u2019s position as the European market leader and builds the largest global digital rewards, savings and shopping content platform,\u201d<\/p><\/blockquote>\n\n\n\n<p>says <strong>Gerhard Trautmann<\/strong>, CEO of GSG. After the <a href=\"\/en\/58991\/global-savings-group-takes-over-igraal\/\">Acquisition of the French cashback company Igraal<\/a> In March 2020, GSG&#039;s primary goal is to empower consumers worldwide to make smarter shopping decisions through its portfolio of consumer engagement platforms and solutions, Trautmann added.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Combining GSG&#039;s scaling with Shoop will give us the opportunity to establish cashback in the German mass market. Europe-wide, Germany is still a comparatively underserved market when it comes to online cashback. By applying best practices across European markets and products, we will be able to make cashback a part of every user journey,&quot;<\/p><\/blockquote>\n\n\n\n<p>adds <strong>Veit M\u00fcrz<\/strong>, CEO at Shoop.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Global Savings Group \u201cis the clear market leader\u201d<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Following the successful acquisition of Igraal in March 2020 and the acquisition of Shoop, GSG has now become the clear market leader in the rapidly growing European shopping rewards market. I am delighted to continue working with the team as GSG transforms this industry in Europe, which is also undergoing significant change in the US, as demonstrated by PayPal&#039;s acquisition of Honey. I am convinced that GSG is capable of building a truly unique digital European champion in this segment.&quot;<\/p><\/blockquote>\n\n\n\n<p>says <strong>David Kuczek<\/strong>, General Partner at HV Capital. The VC had already invested in the company when Global Savings Group was founded in 2012 and has also participated in subsequent financing rounds. Most recently, in December 2020, GSG secured a <a href=\"\/en\/67689\/global-savings-group-secures-a-further-12-million-euros\/\">Investment of 12 million euros<\/a>.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Global Savings Group (GSG) is once again on a shopping spree: After Pouch in 2019 and Igraal in 2020, the Munich-based startup is now taking over the Berlin-based cashback portal Shoop.<\/p>","protected":false},"author":33,"featured_media":72453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[1141,2271,223],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Savings Group \u00fcbernimmt Shoop - Munich Startup<\/title>\n<meta name=\"description\" content=\"Nach Pouch 2019 und Igraal 2020 \u00fcbernimmt die M\u00fcnchner die Global Savings Group (GSG) nun das Berliner Cashback-Portal Shoop.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/72452\/global-savings-group-takes-over-shoop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Savings Group \u00fcbernimmt Shoop - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Nach Pouch 2019 und Igraal 2020 \u00fcbernimmt die M\u00fcnchner die Global Savings Group (GSG) nun das Berliner Cashback-Portal Shoop.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/72452\/global-savings-group-takes-over-shoop\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-24T07:00:00+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/72452\/global-savings-group-uebernimmt-shoop\/\",\"url\":\"https:\/\/cms.munich-startup.net\/72452\/global-savings-group-uebernimmt-shoop\/\",\"name\":\"Global Savings Group \u00fcbernimmt Shoop - 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