By early March 2023, Fave co-founder Joel Neoh is expected to step down from his position as CEO.
He made the decision to leave the Malaysia-based enterprise when Pine Labs, an Indian merchant platform, bought his business in 2021. The price paid for Fave was US$45 million.
Under Neoh, Fave experienced a meteoric rise and is now regarded as one of Southeast Asia's most successful entrepreneur-investors.
One in three Singaporeans use Fave daily for payments and rewards, and millions of people in Malaysia, Indonesia, and India do the same, according to Neoh. "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," Neoh said in a statement.
In 2015, Fave began as the gym membership service KFit. The firm gained popularity after being purchased by Groupon in three countries in Southeast Asia in 2017.
The startup's line of business is providing users with eCards, a form of digital card that offers cashback in addition to the ease of online payments. Moreover, it provides a buy-now, pay-later service and a deals portal.
By the end of 2022, Neoh had successfully negotiated Favor to achieve its zenith, with transaction volumes exceeding a staggering 40% quarter-over-quarter growth.
Yeoh Chen How, a co-founder of Fave, will take over management of the expanding firm after Neoh quits. Together with other Favorite national leaders from Indonesia and India, he will collaborate closely with Malaysia's general manager Aik Kuang Heng and Singapore's Avantika Jain.
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He made the decision to leave the Malaysia-based enterprise when Pine Labs, an Indian merchant platform, bought his business in 2021. The price paid for Fave was US$45 million.
Under Neoh, Fave experienced a meteoric rise and is now regarded as one of Southeast Asia's most successful entrepreneur-investors.
One in three Singaporeans use Fave daily for payments and rewards, and millions of people in Malaysia, Indonesia, and India do the same, according to Neoh. "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," Neoh said in a statement.
In 2015, Fave began as the gym membership service KFit. The firm gained popularity after being purchased by Groupon in three countries in Southeast Asia in 2017.
The startup's line of business is providing users with eCards, a form of digital card that offers cashback in addition to the ease of online payments. Moreover, it provides a buy-now, pay-later service and a deals portal.
By the end of 2022, Neoh had successfully negotiated Favor to achieve its zenith, with transaction volumes exceeding a staggering 40% quarter-over-quarter growth.
Yeoh Chen How, a co-founder of Fave, will take over management of the expanding firm after Neoh quits. Together with other Favorite national leaders from Indonesia and India, he will collaborate closely with Malaysia's general manager Aik Kuang Heng and Singapore's Avantika Jain.
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/
