Stack Capital Holding Hopper Partners With Japanese-Based SMBC Group
July 11 2024 - 4:15PM
Stack Capital Group Inc., (TSX:STCK) is pleased to announce that
Hopper, Inc. (“Hopper”), an existing portfolio holding, has
announced a partnership with Sumitomo Mitsui Card Co., Ltd.
(“SMCC”), the largest credit card issuer in Japan, owned by SMBC
Group.
The partnership will see HTS (Hopper Technology
Solutions) create and power the travel loyalty portal for SMCC,
enabling its cardholders to easily book flights, accommodations,
and car rentals, while saving money.
HTS’ industry-leading suite of flexible fintech
products, along with its e-commerce platform, comprehensive travel
agency, and deep understanding of data were all key factors which
supported SMCC’s decision to partner. Moreover, SMCC believes that
this new HTS-powered travel portal will not only increase loyalty
among its existing customer base, but also attract new
customers.
“An exciting new partnership – this time with
SMCC, Japan’s largest credit card issuer,” said Jeff Parks, CEO of
Stack Capital. “HTS started from scratch just a couple of years
ago; today, HTS accounts for two-thirds of Hopper’s business, which
is extremely impressive. Congratulations to the entire Hopper/HTS
team.”
To access a copy of the Hopper announcement
please click here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt, and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Hopper
Hopper is the world's fastest-growing
mobile-first travel marketplace, focused on helping customers save
money and travel better. The Hopper app has over 120 million
downloads and continues to capture market share around the world.
By leveraging massive amounts of data and machine learning, the
company has developed several unique fintech solutions that address
everything from pricing volatility to trip disruptions. Through its
B2B initiative, HTS (Hopper Technology Services), the company
is syndicating its travel fintech products and inventory, providing
companies that aspire to sell travel a differentiated consumer
experience and offering. Hopper sells over $7 billion in travel and
travel fintech annually, with HTS accounting for two-thirds of its
business. To find out more about Hopper, visit Hopper.com.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development, and
Investor Relations647.280.3307brian@stackcapitalgroup.com
A photo accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/68818acd-b8f2-4f73-a220-2b42d93d2c10
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