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 Jan 14, 2025, the latest employee count at Fave is 791.

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.

How much is Fave worth?

The last known valuation of Fave was $***** as of Apr 13, 2021.

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 between $1M and $10M as on Dec 31, 2018

Where does Fave rank among its competitors?

Fave ranks 2nd amongst 8 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 - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Fave an acquired company?

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

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
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, $*****

Last Known Valuation

$***** as on Apr 13, 2021

Investors

Sequoia Capital & 9 more

Ranked

2^nd among 8 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2018

Employee Count

791 as on Jan 14, 2025

Investment & Acquisitions

FoodTime & 2 more

Similar Companies

Super & 253 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
FAVE ASIA TECHNOLOGIES SDN. BHD. CIN: 928899-V , Malaysia, Active	Jan 06, 2011	$1M - $10M (As on Dec 31, 2018)	-	-
BEECONOMIC SINGAPORE PTE. LTD CIN: 201002456D , Singapore, Active		-	-

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

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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 22, 2020	1320362	Series B	1080397	1627480	7935247	3781790
Sep 06, 2018	2263751	Series B	5033680	7511811	8774468	SIG Venture Capital
2016	8330	Series A	5895	2887	Sequoia Capital & 2 more	7039

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View details of Fave's funding rounds and investors

Fave's Board of Directors

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

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

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

Fave's employee count trend

Fave has 791 employees as of Jan 25. 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	ShopBack 2014, Singapore (Singapore), Series F	Online platform providing cashback rewards, coupons, and promo codes for purchases	$350M	East Ventures, Temasek & 41 others	78/100
2nd	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	67/100
3rd	MilkADeal 2011, Kuala Lumpur (Malaysia), Seed	Cashback for purchases made	$165K	Ficus	28/100
4th	Beebag 2021, Shah Alam (Malaysia), Seed	App-based platform offering rewards and cashback	$100K	ScaleUp Malaysia	19/100
5th	Octaplus 2019, Kuala Lumpur (Malaysia), Unfunded	App-based platform offering cashback and deals	-	-	16/100
6th	Getex Malaysia 2015, Petaling Jaya (Malaysia), Unfunded	Online deals aggregator and discovery platform	-	-	16/100
7th	RewardMama 2010, Petaling (Malaysia), Unfunded	Provider of cashback and rewards platform	-	-	16/100
8th	CentEase 2015, Bayan Lepas (Malaysia), Unfunded	Coupons and discounts scoring site	-	-	16/100
9th	Doropu 2020, Kuala Lumpur (Malaysia), Deadpooled	App-based platform offering discounts and rewards	-	RISE	16/100
10th	SoBonus Solutions 2014, Kuala Lumpur (Malaysia), Deadpooled	Online platform that enables users to earn rewards and cashback while shopping online or engaging with partner brands	-	-	15/100

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Looking for more details on Fave's competitors? Click here to see the top ones

Fave has acquired 3 companies including FoodTime, Groupon and Classhopper. Fave has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 24, 2019	Acquisition	FoodTime	2016	Kuala Lumpur (Malaysia)
Jun 06, 2016	Acquisition	Groupon	2007	Chicago (United States)
Sep 29, 2015	Acquisition	Classhopper	2014	Caulfield North (Australia)