About FaveBiz
FaveBiz is a company based in Kuala Lumpur (Malaysia) founded in 2016 was acquired by Pine Labs in April 2021.. FaveBiz offers products and services including Mobile Payments, Customer Loyalty, eCards, Deals & Marketing, and Data & Insights. FaveBiz operates in a competitive market with competitors including Flutterwave, Xendit, Pine Labs, Opn and ACI Worldwide, among others.
- Headquarter Kuala Lumpur, Malaysia
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Fave Asia Technologies Sdn. Bhd.
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Products & Services of FaveBiz
FaveBiz offers a comprehensive portfolio of products and services, including Mobile Payments, Customer Loyalty, eCards, Deals & Marketing, and Data & Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables acceptance of various cashless payment options for merchants.
Manages cashback strategies to retain and attract customers.
Provides upfront payments to boost customer visit frequency.
Exposes merchants to users for increased sales and reach.
Offers real-time monitoring of business performance and customer behavior.
Funding Insights of FaveBiz
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2020 | Amount | Seed - FaveBiz | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FaveBiz
FaveBiz has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pine Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Omnichannel payment solutions, loyalty programs, and business tools are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FaveBiz
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FaveBiz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Favebiz Comparisons
Competitors of FaveBiz
FaveBiz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Xendit, Pine Labs, Opn and ACI Worldwide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Omnichannel payment solutions, loyalty programs, and business tools are provided.
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| domain | founded_year | HQ Location |
Integrated e-wallet and contactless payment solutions for businesses and consumers
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Mobile and online payment solutions are provided for banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Favebiz
Frequently Asked Questions about FaveBiz
When was FaveBiz founded?
FaveBiz was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is FaveBiz located?
FaveBiz is headquartered in Kuala Lumpur, Malaysia.
What does FaveBiz do?
FaveBiz was founded in 2016 in Kuala Lumpur, Malaysia, within the digital payments sector. App-based tools for QR code scanning are utilized to facilitate consumer payments. Sales, revenue, and redemption reports are generated, along with features for voucher redemption and transaction monitoring. Data tracking is supported across operations. The platform is accessible via Android and iOS applications.
Who are the top competitors of FaveBiz?
FaveBiz's top competitors include Flutterwave, Xendit and Pine Labs.
What products or services does FaveBiz offer?
FaveBiz offers Mobile Payments, Customer Loyalty, eCards, Deals & Marketing, and Data & Insights.
Who are FaveBiz's investors?
FaveBiz has 1 investor. Key investors include Pine Labs.
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