Stack Capital Holding Hopper Partners With Korean-Based Lotte Card
21 Mayo 2024 - 1:00PM
Stack Capital Group Inc., (TSX:STCK and STCK.WT) is pleased to
announce that Hopper, Inc. (“Hopper”), an existing portfolio
holding, has entered into strategic partnership with Lotte Card, a
leading Korean credit card issuer with 9+ million card members,
along with 3+ million affiliated merchants, involved with card
business, installment finance, and general loans.
Lotte’s travel loyalty portal with be accessible
through its ‘Digi-LOCA’ app, and will feature a combination of
flights, accommodations, car rentals, along with leading travel
technology and fintech products – all powered by HTS - delivering a
highly personalized travel offering to millions of its
customers.
“Another example of an incredible global
partnership for Hopper, further highlighting the strength and
reputation of its HTS solution,” said Jeff Parks, CEO of Stack
Capital. “HTS now accounts for two-thirds of Hopper’s business, and
we anticipate that number will continue to increase. We look
forward to more HTS partnership announcements in the coming
months.”
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.
About Lotte Card
Lotte Card is a Korean credit card company, with
9.35 million credit card members and 3.13 million affiliated
merchants, conducting card business, installment finance, and
general loans. Lotte Card aims to be the best companion in its
customers’ lives, and its currently shifting its business model
beyond traditional credit card operations, focusing on creating a
new future-oriented model that maximizes convenience and benefits
for customers, with 'Digi-LOCA' strategy at its core. To achieve
this, Lotte Card is concentrating on introducing various curation
services in the 'Digi-LOCA' application, helping customers make
more valuable choices easily and quickly in their consumption
decisions.
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/155c59e0-48a7-404f-9035-9d0af2315d11
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