Co-founder and current CEO Joel Neoh plans to step down in early March 2023.
Following the 2021 acquisition of his Malaysian enterprise by Indian merchant platform Pine Labs, he has decided to leave his position as CEO. The price tag for buying Favorite was a cool $45m.
Fave expanded greatly while Neoh was at the helm, and he is now widely considered one of the most successful entrepreneurs and investors in Southeast Asia.
One in three Singaporeans and millions of consumers in Malaysia, Indonesia, and India use Fave every day for payments and rewards, as Neoh explained in a statement. "I have had the privilege of a lifetime to work with some of the best talents in Southeast Asia to build Fave into a household brand name."
In 2015, Fave was known as the gym membership service KFit. The company's ascent to fame began after Groupon acquired it in three Southeast Asian nations in 2017.
The company's focus is on the distribution of eCards, a form of digital card that offers consumers cashback and the ease of digital payments. Along with the option to "purchase now, pay later," it also features a deals hub.
Transaction volumes reached an astounding 40 percent quarter-on-quarter rise by the end of 2022, thanks in large part to Neoh's expert guiding of Fave to its pinnacle.
Co-founder Yeoh Chen How will now lead the rapidly expanding startup Fave in the wake of Neoh's departure. Together with other Key nation leaders from Indonesia and India, he'll be working closely with Singapore's Avantika Jain and Malaysia's Aik Kuang Heng.
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Following the 2021 acquisition of his Malaysian enterprise by Indian merchant platform Pine Labs, he has decided to leave his position as CEO. The price tag for buying Favorite was a cool $45m.
Fave expanded greatly while Neoh was at the helm, and he is now widely considered one of the most successful entrepreneurs and investors in Southeast Asia.
One in three Singaporeans and millions of consumers in Malaysia, Indonesia, and India use Fave every day for payments and rewards, as Neoh explained in a statement. "I have had the privilege of a lifetime to work with some of the best talents in Southeast Asia to build Fave into a household brand name."
In 2015, Fave was known as the gym membership service KFit. The company's ascent to fame began after Groupon acquired it in three Southeast Asian nations in 2017.
The company's focus is on the distribution of eCards, a form of digital card that offers consumers cashback and the ease of digital payments. Along with the option to "purchase now, pay later," it also features a deals hub.
Transaction volumes reached an astounding 40 percent quarter-on-quarter rise by the end of 2022, thanks in large part to Neoh's expert guiding of Fave to its pinnacle.
Co-founder Yeoh Chen How will now lead the rapidly expanding startup Fave in the wake of Neoh's departure. Together with other Key nation leaders from Indonesia and India, he'll be working closely with Singapore's Avantika Jain and Malaysia's Aik Kuang Heng.
https://spiritsevent.com
https://gpsku.co.id/
https://caramanjur.com/
https://rainyquote.com
https://www.teknovidia.com/
https://hpmanual.net/
https://www.inschord.com/
https://edukasinewss.com/