One company shaking up the startup space is Super.com, which aims to help everyday Americans save money and access credit. Hussein Fazal, CEO and co-founder, joins Cheddar News to break down how the product works. 


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Wake Up With Cheddar

Super.com Raises $85 Million to Grow Super Savings App

Let's take a look at what is shaking out in the world of IPO startups and beyond. One company shaking up the startup Space savings super app company super app dot com super dot com recently raised 85 million in the series round. The company said it offers an all in one super app that aims to help everyday Americans save money and access credit. Joining me now is Hussein Fasel, co founder and CEO of super dot com. Husain. Thank you for coming on the show. Thank you for having me. All right. Well, certainly everyone knows it's a challenging time in the economy right now and Americans especially looking to save, how can your company help? Thank you. Um So what we're building is an all in one savings app for customers to save across the board. Uh The genesis of the company actually started in hotels and we had great hotel deals where you can typically find 20 to 30% off on retail rates in order to book hotels. And what we saw over time is that people want to save money and more than that they want to save on gas, save on groceries. So we've since expanded that offering. So you can download the super dot com app, you can go check it out and you'll find great deals on gas, on groceries, on hotels and a variety of other things. And then the other piece, which is interesting is we recently launched a car which allows to earn cash back and build your, your everyday purchases. So I'm curious, uh, Hussein, how many this applies to? So this applies generally across the board. So typically any retailer where you can find a discount at, obviously, in some cases, it's a smaller amount of cash back or smaller discounts. Um But in some cases, you can find savings that are, you know, let's say 20 to 30% off hotels or you can see up to, you know, 12 to 15 cents a gallon off and we're really trying to add more and more offers every day to make sure that we can help customers save across the board. I see NBA superstar, Steph Curry all in on super app super dot com. That is who's saying what does he bring as an investor to your company? He's been fantastic. So he joined uh actually a couple of years ago as an investor and he continued to be extremely supportive. Uh He spent time in our office, you know, hanging out with employees. It's a huge morale boost. He spent time with us with the media, you know, going on stage of tech going to disrupt uh and just generally bringing a lot of hype, excitement, morale boost. Um and, and, and growth to the company. He also offered a lot of legitimacy if you're a customer and you've never heard of super dot com. You come by, you see that Steph Curry is an investor that creates a lot of trust in the brand, which is very important. Well, I know Super Super app, right? That's kind of like the buzz word of the moment who's saying? Of course, Elon Musk used to describe to describe what he wants to turn Twitter into a super app called app, something to that effect. But talk to me just about the palpability of this space, the growth opportunities that you see. Yeah. So, so super apps are very common in Asia. So you you know about we chat uh in China, you know about Gojek in Indonesia in North America. We haven't really seen a super app. We are now starting to see that evolve and change where a customer will come to an app and it can be used for more than one thing. So the most common example that most people see is Uber. So you go to Uber, you can get a ride, you can get a package delivered, you can order food, you can do pharmacy, you can get flowers, you can get groceries, there's all these different things that you can do uh with an Uber and they're building the super app centered around getting anything or getting anywhere. Um We're building the super app centered around earning and saving. So right now it's all about saving. We're adding more and more features for people to be able to earn, earning right now. Cash back when you, when you spend on your card, we'll be adding other ways to earn. So I think in North America we're going to see multiple super apps that are gonna be centered around certain core themes. Now, I know Elon uh at Twitter, they have some interesting ideas and ambitions around, but they haven't released too much about what they're going to do. They're still kind of trying to wrangle in, you know, all the changes they've made since has taken over Twitter. I'll be curious to see what they had to turn it into a super app. All right. Pretty cool stuff. We always like to save our viewers money, that's for sure. Husain Faal at co founder and CEO of super dot com. Husain. Thank you.