Joel Neoh, who co-founded Fave, will step down as CEO by the beginning of March 2023.
Pine Labs, an Indian merchant platform, bought his company in 2021. That's when he decided to leave the Malaysian startup where he worked. For US$45 million, Fave was bought.
Fave grew a lot under Neoh, who is known as one of the most successful entrepreneurs and investors in Southeast Asia.
Neoh said in a statement, "It has been the honor of a lifetime to work with some of the best minds in Southeast Asia to make Fave a household name. Today, one in three Singaporeans and millions of people in Malaysia, Indonesia, and India use Fave every day to make payments and get rewards."
Fave began in 2015 as a gym membership service called KFit. After Groupon bought it in three Southeast Asian countries in 2017, the startup started to become more well known.
The startup is in the business of selling eCards, which are a type of digital card that lets users get cash back and pay for things digitally. It also has a deals page and a service that lets you buy now and pay later.
By the end of 2022, Neoh had led Fave to its peak, with transaction volumes growing by a whopping 40 percent from quarter to quarter.
When Neoh leaves, Fave's co-founder Yeoh Chen How will run the growing company. He will work closely with the general manager of Singapore, Avantika Jain, and the general manager of Malaysia, Aik Kuang Heng. He will also work with Fave country leaders from India and Indonesia.
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Pine Labs, an Indian merchant platform, bought his company in 2021. That's when he decided to leave the Malaysian startup where he worked. For US$45 million, Fave was bought.
Fave grew a lot under Neoh, who is known as one of the most successful entrepreneurs and investors in Southeast Asia.
Neoh said in a statement, "It has been the honor of a lifetime to work with some of the best minds in Southeast Asia to make Fave a household name. Today, one in three Singaporeans and millions of people in Malaysia, Indonesia, and India use Fave every day to make payments and get rewards."
Fave began in 2015 as a gym membership service called KFit. After Groupon bought it in three Southeast Asian countries in 2017, the startup started to become more well known.
The startup is in the business of selling eCards, which are a type of digital card that lets users get cash back and pay for things digitally. It also has a deals page and a service that lets you buy now and pay later.
By the end of 2022, Neoh had led Fave to its peak, with transaction volumes growing by a whopping 40 percent from quarter to quarter.
When Neoh leaves, Fave's co-founder Yeoh Chen How will run the growing company. He will work closely with the general manager of Singapore, Avantika Jain, and the general manager of Malaysia, Aik Kuang Heng. He will also work with Fave country leaders from India and Indonesia.
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/