What is Fave?
Fave operates as a comprehensive lifestyle and financial services application, bridging the gap between consumers and local merchants through an integrated ecosystem of deals, payments, and loyalty rewards. The platform's core value proposition lies in its multifaceted product suite, which includes FavePay for seamless QR-based cashless transactions, Fave Deals for curated discounts across food, wellness, and fitness sectors, and Fave eCards. By facilitating interoperability with major regional payment gateways such as GrabPay, Boost, and DuitNow, Fave has effectively created a unified reward-stacking experience. This infrastructure not only enhances consumer engagement but also provides merchant partners with actionable data and increased foot traffic, positioning the firm as a vital intermediary in the regional retail and digital payment value chain.
How much funding has Fave raised?
Fave has raised a total of $32M across 2 funding rounds:
Series A
$12M
Series B
$20M
Series A (2016): $12M with participation from Southeast Asian Ventures
Series B (2018): $20M, investors not publicly disclosed
Key Investors in Fave
Southeast Asian Ventures
A venture capital firm specializing in early-stage technology investments across the Southeast Asian market, focusing on high-growth digital platforms.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Fave?
With the recent influx of capital, Fave is well-positioned to accelerate its enterprise-level growth strategy, focusing on deepening its technological moat and expanding its merchant network. The company is expected to leverage this financing to enhance its proprietary payment processing capabilities and potentially explore new verticals within the broader digital commerce space. As the Southeast Asian market continues to shift toward cashless adoption, Fave's ability to maintain its competitive edge will depend on its continued integration with regional payment ecosystems and its capacity to deliver personalized, data-driven consumer experiences. The firm remains a key player to watch as it navigates the complexities of scaling a multi-market fintech platform in a high-growth environment.
See full Fave company page
