Fave is a fintech platform providing a smart payment app for the smart generation of consumers to pay and save.
Basic Information
Fave empowers offline businesses to grow and digitally connect with their customers in a whole new way delivering seamless QR payment experience and savings on every digital transaction. The Singapore based company allows users to make QR-based offline payments through its app and alerts customers about offers, cashbacks and loyalty benefits being run by the store at the time of payment. In April 2021, merchant payments startup Pine Labs announced the acquisition of Fave for $45 million. Fave will launch its consumer loyalty offering in India with a new app, ushering Pine Labs into the consumer payments category. Fave is planning to scale the Fave app to 10 million users and 500,000 merchants in the near term.
Legal Name
:
Fave Asia Technologies Sdn. Bhd.
Headquarters
:
Kuala Lumpur, Kuala Lumpur, Malaysia
Founding Date
:
2015
No. of Employees
:
251 to 500
Core Team
:
1.
Joel Neoh
Founder
Funding
Total Funding
$32.0M
Investors
:
1.
Rajul Garg
2.
Pine Labs
3.
Innoven capital
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