LetyShops secured $3 million from AB Capital Group

LetyShops, a Budapest, Hungary-based provider of a cashback service has raised $3M.

The investment was made by the German AB Capital Group. AB Capital Group owns a cluster of IT-companies centered around Admitad, a global affiliate network from Ukraine.

LetyShops, founded by Ukrainian entrepreneurs in 2015, is currently available in 7 languages, hosts a total of 2400 e-shops and 12 million users. According to SimilarWeb, LetyShops.com website has seen 4 million visitors in May 2020.