Malaysia's Fave raises more funding; On a mission to digitalise SMEs.

The funding amount was undisclosed.

Malaysia's Fave raises more funding; On a mission to digitalise SMEs. | BEAMSTART News

Fave, the Malaysian company behind popular QR payments and cash-back app, has raised an undisclosed round of funding from India's Pine Labs.

The new investment is a strategic partnership focused on bringing forth a greater array of digitalisation and payment solutions for SMEs across the region.

Nearly 50,000 of Fave’s and Pine Labs’ merchants across SouthEast Asia will benefit immediately from the new formed partnership. 

Yeoh Chen Chou, co-founder of Fave.

Under the new partnership, Fave’s QR code will be integrated as part of Pine Lab’s terminals, wheres users can enjoy seamless payments and loyalty programs across the region.

Pine Labs debit and credit card platforms will also enjoy Fave's merchant payment acceptance and cash-back solutions.

"The partnership brings together great understanding and expertise in technology development to help support merchants through successful business transformations.

With digitalisation playing an increasingly critical role in the recovery of Southeast Asia’s economy, merchants recognise that they need to accelerate the development of digital solutions to ensure they remain competitive. 

We will work with Pine Labs to further strengthen Fave’s mission of helping merchants adapt to and digitalise in the new normal", mentioned Fave's co-founder and CEO, Joel Neoh.


Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia



Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a global business community with the aim of connecting people to opportunities. Expand your network, discover new possibilities, and explore a vast database of resources that can help you go further in your business and career.


Download the App

Never miss an opportunity again. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved (Legal).