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Groupon Inc. buys grocery app firm SnapSaves

Groupon Inc. has bought SnapSaves, a grocery app that offers users cash back on a variety of products.

Financial terms of the deal weren’t disclosed in a joint announcement posted on Toronto-based SnapSaves’ website.

SnapSaves users submit photos of their register receipts and receive cash back. SnapSaves posts a list of products and cash back amounts. “No more clipping coupons the old fashioned way. No more paper hassles or hard copies. Just shop, snap and get cold hard cash back,” SnapSaves says.

Chicago-based Groupon, which started as a daily deals site, has worked to become an ecommerce company.


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h/t Chicago Tribune