YouBiz and Tiktok launch ad spending cashback for businesses

TikTok advertisers can receive up to US$100 in ad credits.

YouBiz, a corporate card and spend management platform, has partnered with TikTok for Business to provide advertising and financial operation support to Singaporean e-commerce businesses.

The partnership will launch an exclusive cashback scheme, where new TikTok advertisers can receive up to US$100 in ad credits.

Businesses will also get a 3% upsized cashback on TikTok ad spending with YouBiz.

They are also offered an unlimited 1% cashback on all spending.

Singapore’s e-commerce sector is expected to reach a gross merchandise value (GMV) of US$9b in 2024, according to a report by Google, Temasek, and Bain & Company.

Video commerce now account for 20% of e-commerce GMV, from less than 5% in 2022.