When was Fave founded?

Fave was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Fave located?

Fave is headquartered in Kuala Lumpur, Malaysia. It is registered at No 8, Suite 28-1, Level 28, Vertical Corporate Office Tower B Bangsar South City, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Malaysia.

How many employees does Fave have?

As of Jul 01, 2024, the latest employee count at Fave is 201 - 500.

Is Fave a funded company?

Fave is a funded company, having raised a total of $32M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2015.

When was the latest funding round of Fave?

Fave's latest funding was a $***** Series B round on Jul 22, 2020, with participation from 1 investor.

What is the annual revenue of Fave?

Annual revenue of Fave is 8.18M MYR as on Mar 31, 2022.

Where does Fave rank among its competitors?

Fave ranks 1st amongst 7 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Beebag, which secured $100K in Apr, 2023.

Who are the top competitors of Fave?

Fave's top competitors include ShopBack, MilkADeal and Beebag. Among them, Beebag secured the most recent funding round in April, 2023.

Fave - 2025 Company Profile, Team, Funding, Competitors & Financials

Q: Is Fave an acquired company?

Fave got acquired by Pine Labs on Apr 13, 2021.

Fave is an acquired company based in Kuala Lumpur (Malaysia), founded in 2015 by Danny Yeung, Joel Neoh Eu-Jin and Chen Chow Yeoh. It operates as an App based platform offering deals and rewards on multi-category products and services. Fave has raised $32M in funding from investors like Sequoia Capital, Venturra Capital and Pine Labs. The company has 7 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like ShopBack, MilkADeal and Beebag.

Company Details

App based platform offering deals and rewards on multi-category products and services. The platform offers deals on products and services like fashion, electronics, travel, entertainment, spas, fitness, car detailing, and more.

Website: myfave.com
Social
Email ID: *****@myfave.com
Part Of: Pine Labs
Registered Address: No 8, Suite 28-1, Level 28, Vertical Corporate Office Tower B Bangsar South City, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Malaysia

Key Metrics

Founded Year

2015

Location

Kuala Lumpur, Malaysia

Stage

Acquired

Total Funding

$32M in 4 rounds

Latest Funding Round

Series B, Jul 22, 2020, $*****

Investors

Sequoia Capital & 9 more

Ranked

1^st among 7 active competitors

Annual Revenue

8.18M MYR as on Mar 31, 2022

Employee Count

201 - 500 as on Jul 01, 2024

Investment & Acquisitions

CutQ & 3 more

Similar Companies

Qmee & 246 more

Exit Details

Acquired by Pine Labs (Apr 13, 2021)

View Fave's full profile

Fave is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BEECONOMIC SINGAPORE PTE. LTD CIN: 201002456D , Singapore, Active		-	-
FAVE ASIA TECHNOLOGIES SDN. BHD. CIN: 928899-V , Malaysia, Active	Jan 06, 2011	$2.74M (As on Dec 31, 2018)	-	-

Fave got acquired by Pine Labs on Apr 13, 2021 at an acquisition amount of $45M.

Click here to take a look at Fave's acquisition in detail

Fave has raised a total funding of $32M over 4 rounds. Its first funding round was on 2015. Its latest funding round was a Series B round on Jul 22, 2020 for $*****. 1 investor participated in its latest round. Fave has 10 institutional investors.

Here is the list of recent funding rounds of Fave:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 22, 2020	2689872	Series B	6849019	1329425	7988797	4656237
Sep 06, 2018	9767465	Series B	3932413	4253154	5192816	SIG Venture Capital
2016	1252	Series A	7501	2556	Sequoia Capital & 2 more	8262

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View details of Fave's funding rounds and investors

The founders of Fave are Danny Yeung, Joel Neoh Eu-Jin and Chen Chow Yeoh.

Here are the details of Fave's key team members:

Danny Yeung: Co-Founder of Fave and founder of 4 other companies, including Groupon, uBuyiBuy.com and KFit. They are also an angel investor in 3 startups.
Joel Neoh Eu-Jin: Founder of Fave and founder of 4 other companies, including GroupsMore, BookDoc and SAYS. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 1 email address
Chen Chow Yeoh: Co-Founder of Fave and founder of 1 other company. They are also an angel investor in 4 startups and serve on the board of 1 company.

Fave's Board of Directors

Fave's board has 2 active members. Joel Neoh Eu-Jin and Chen Chow Yeoh are part of team.

Here is the list of Fave's board of directors:

Name	Type	Representing	Status	Duration
Joel Neoh Eu-Jin	Team	-	Current	-
Chen Chow Yeoh	Team	-	Current	-

View details of Fave's Founder profiles and Board Members

Fave's employee count trend

Fave has 201 - 500 employees as of Jul 24. Here is Fave's employee count trend over the years:

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Top competitors of Fave include ShopBack, MilkADeal and Beebag. Here is the list of Top 10 competitors of Fave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fave 2015, Kuala Lumpur (Malaysia), Acquired	App based platform offering deals and rewards on multi-category products and services	$32M	Innoven Capital, SIG Venture Capital & 8 others	58/100
1st	ShopBack 2014, Singapore (Singapore), Series F	Online platform offering rewards and cashback for multi-category products	$332M	East Ventures, Temasek & 41 others	71/100
3rd	MilkADeal 2011, Kuala Lumpur (Malaysia), Seed	Cashback for purchases made	$165K	Ficus	22/100
4th	Beebag 2021, Shah Alam (Malaysia), Seed	App-based platform offering rewards and cashback	$100K	ScaleUp Malaysia	17/100
5th	Getex Malaysia 2015, Petaling Jaya (Malaysia), Unfunded	Online deals aggregator and discovery platform	-	-	16/100
6th	Octaplus 2019, Kuala Lumpur (Malaysia), Unfunded	App-based platform offering cashback and deals	-	-	16/100
7th	CentEase 2015, Bayan Lepas (Malaysia), Unfunded	Coupons and discounts scoring site	-	-	16/100
8th	8Share 2013, Petaling Jaya (Malaysia), Deadpooled	Social media based rewards	-	-	15/100
9th	Reward180 2019, Kuala Lumpur (Malaysia), Deadpooled	Online platform offering rewards and cashback on multi-category consumer products	-	-	15/100
10th	Doropu 2020, Kuala Lumpur (Malaysia), Deadpooled	App-based platform offering discounts and rewards	-	RISE	14/100

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Fave has not made any investments yet. Fave has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 24, 2019	Acquisition	CutQ	2013	Singapore (Singapore)
May 24, 2019	Acquisition	FoodTime	2016	Kuala Lumpur (Malaysia)
Jun 06, 2016	Acquisition	Groupon	2007	Chicago (United States)