About Fave
Fave is a Retail company based in Kuala Lumpur (Malaysia) founded in 2015 by Danny Yeung, and was acquired by Pine Labs in April 2021. A lifestyle app for deals and payments in Asia. It operates on a Two-Sided Marketplace and Commission-Based model. Fave has raised $32 million across 4 funding rounds from investors including Pine Labs, Sequoia Capital and Venturra Capital. Fave has completed 4 acquisitions, including ClassHopper, CutQ and FoodTime. Its website myfave.com draws about 64 thousand monthly visits. Fave offers products and services including FavePay, Fave Deals, and Fave eCards. Its focus areas include Technology, Mobile Apps and Lifestyle Apps. Its legal entity is Fave Asia Technologies Sdn Bhd. Its competitors include MilkADeal, Beebag and Doropu; 2 of its 3 listed competitors have raised funding.
Company details
Fave is recognized as a lifestyle companion app focused on providing deals, cashback, and rewards. It operates primarily in Malaysia and Singapore, covering sectors like food, spa, and fitness. Solutions such as FavePay for payments, Fave Deals for discounts, and Fave eCards for gifting are offered to enhance user experience and partner engagement.
- Total Equity Funding$32M (USD)
in 4 rounds
- InvestorsPine Labs
& 3 more
- Investments & AcquisitionsClassHopper
& 3 more
- Acquired byPine Labs
(Apr 2021)
Products & Services of Fave
Fave offers a comprehensive portfolio of products and services, including FavePay, Fave Deals, and Fave eCards.
A payment system for seamless transactions and rewards.
Discounts on food, spa, and fitness services offered.
Digital gift cards for various services and partners.
Apps and channels of Fave
its YouTube channel Fave has 632 subscribers and 30 videos.
Videos from Fave
The most watched videos on Fave's YouTube channel, Fave (632 subscribers). Click a video to play it here.
More on Fave.
Funding Insights of Fave
Fave has successfully raised a total of $32M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $32M
- Total Rounds 4
- Investors Count 4
All 4 funding rounds of Fave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | Series B | – | Pine Labs | – | |
| Sep 2018 | $20M | Series B | – | Sequoia Capital, Venturra Capital | |
| Jun 2016 | $12M | Series A | – | Sequoia Capital, Venturra Capital | – |
| Jun 2015 | Seed | – | Sequoia Capital | – |
4 investors in total: 4 institutional.
Investors in Fave
Fave has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Pine Labs, Sequoia Capital and Venturra Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Early-stage tech-focused venture capital firm investing primarily in Southeast Asia | venturra.com | Jakarta, Indonesia | ||
Venture capital firm focused on seed and late stage investments | sig-asiavc.com | Hong Kong, China | ||
Omnichannel payment solutions, loyalty programs, and business tools are provided. | 1998 | pinelabs.com | Noida, India |
Investor details for Fave
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fave
64 people are tracked at Fave (14 in leadership, 50 in team).
| Name | Role | Group |
|---|---|---|
Danny Yeung | Co-Founder | Leadership |
Alan Lai | Head Of Engineering | Leadership |
Chin Lai Yee | Head of Sales and Business Development, Klang Valley & Rest of Malaysia | Leadership |
Erry Wibowo | Head of Business Development (Travel Division) and Bali Regional Office (Local Business Division) | Leadership |
Kay Lee | Head Of Business Development (Beauty & Wellness) | Leadership |
Ryan Lim | Head Of Sales | Leadership |
Sheena Foo L. | Executive Assistant To Chief Executive Officer | Leadership |
Ivan Chung | Head of Product | Leadership |
Kai Ling Tang | Head Of Business Development (enterprise/local F&b, Retail & Travel Category) | Leadership |
Bella Meriska | Head Of Business Development | Leadership |
Cheryl Lim | Head Of Business Development (teas) | Leadership |
Prakhar Jain | India Head | Leadership |
Hayley Pang Hui Min | Head Of Strategic Partnerships | Leadership |
Bibi Ngo | Business Development Director (Beauty & Wellness) | Leadership |
Wei Wen Tan | Business Development Executive (F&B) | Team |
Marnie Alvez | Business Development Manager | Team |
Naim Danial | Senior Software Engineer | Team |
Hussain Jailam Faisal | Staff Engineer / Solution Architect | Team |
Magdy Abdelkader | Software Engineer | Team |
Shreyank Vyavahare | Data Engineering Manager | Team |
44 more people are available in the full profile.
Complete people profiles for Fave
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Fave
Fave has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ClassHopper, CutQ and FoodTime.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Food is ordered online from partnered restaurants via a platform. | foodtime.asia | Kuala Lumpur, Malaysia | 2016 | May 2019 | •••• | |
Takeaways are pre-ordered via a mobile app from partnered eateries. | cutq.sg | Singapore | 2013 | May 2019 | •••• | |
Online marketplace offering deals on multi-category products and services | groupon.com | Chicago, United States | 2007 | Jun 2016 | •••• | |
Access hundreds of classes and studios from Aerobics to Zumba in a single membership! | classhopper.com.au | Caulfield North, Australia | 2014 | Sep 2015 | •••• |
Complete acquisition details for Fave
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Fave
8 dated milestones of Fave across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Fave is founded.
- Funding First funding round.
- Acquisition Acquires ClassHopper.
- Acquisition Acquires Groupon.
- Acquisition Acquires FoodTime.
- Acquisition Acquires CutQ.
- Funding Latest funding round, Series B,.
- Exit Acquired by Pine Labs.
Competitors of Fave
Fave has 3 listed competitors in our database, 2 of them funded. They include MilkADeal, Beebag and Doropu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| milkadeal.com | 2011 | Kuala Lumpur, Malaysia | $165,000 | Cashback is provided for purchases from partnered stores and websites. | ||
| beebag.co | 2021 | Shah Alam, Malaysia | $100,000 | App-based platform offering rewards and cashback | ||
| doropu.com | 2020 | Kuala Lumpur, Malaysia | App-based platform offering discounts and rewards to users. |
Detailed competitors of Fave
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Fave
The website of Fave (myfave.com) receives about 64.4K visits a month.
- Monthly visits64.4K
▼ 22.7% vs previous month
Websites whose visitors overlap most with Fave. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
shopcoupons.sg | shopcoupons.sg | 100% | – | ||
everysaving.sg | everysaving.sg | 100% | #227,630 | – | |
cuponation.com.my | cuponation.com.my | 80% | #134,210 | – | |
greatdeals.com.sg | greatdeals.com.sg | 80% | #184,666 | – |
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Related news about Fave
Complete news archive for Fave
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fave
Fave was founded in 2015.
Fave is headquartered in Kuala Lumpur, Malaysia.
Fave is a funded company, having raised a total of $32M across 4 funding rounds to date.
Fave is recognized as a lifestyle companion app focused on providing deals, cashback, and rewards. It operates primarily in Malaysia and Singapore, covering sectors like food, spa, and fitness. Solutions such as FavePay for payments, Fave Deals for discounts, and Fave eCards for gifting are offered to enhance user experience and partner engagement.
Fave offers FavePay, Fave Deals, and Fave eCards.
Fave has made 4 acquisitions, including ClassHopper, CutQ, and FoodTime.
Fave has 4 investors. Key investors include Pine Labs, Sequoia Capital, Venturra Capital, and SIG Venture Capital.
Fave operates through Fave Asia Technologies Sdn Bhd.
Yes. Fave was acquired by Pine Labs in April 2021.