Top Online Partners Group (TOPG), the Staffordshire based business, which operates the TopCashBack platform has agreed terms to acquire Refunder which runs a cashback platform in Sweden. TOPG is initially acquiring a minority stake and will acquire 100 per cent of the Swedish business over the next three years.
Refunder was formed in 2014 and has 600,000 members and around 1000 participating retailers for its Swedish business. It has also expanded into Poland.
Fredrik Ohlsson, CEO and co-founder of Top Online Partners Group commented: “Becoming part of TopCashBack Group, one of the largest cashback businesses in the world, gives us an enormous strength in the Nordic market. We will now be able to attract even more high-end merchants to our platform, and the offer to our members will be far better than anything else on the market.”