Joel Neoh, Fave's co-founder, plans to step down as CEO in early March 2023.
His decision to leave the Malaysia-based enterprise comes after Pine Labs, an Indian merchant platform, acquired his company in 2021. Favorite was bought for $45 million.
Fave, regarded as one of Southeast Asia's most successful entrepreneur-investors, expanded rapidly under Neoh's leadership.
"I have had the privilege of a lifetime to work with some of Southeast Asia's best talents to build Fave into a household brand name - today, one out of every three Singaporeans and millions of consumers across Malaysia, Indonesia, and India use Fave on a daily basis for payments and rewards," Neoh said in a statement.
Fave began in 2015 as the gym subscription service KFit. The firm rose to fame after being acquired by Groupon in three Southeast Asian nations in 2017.
The startup sells eCards, a form of digital card that offers its users cashback as well as the ease of digital payments. It also provides a bargains gateway as well as a buy now, pay later option.
By the end of 2022, Neoh had successfully sailed Fave to its peak, with transaction volumes increasing by a stunning 40% quarter on quarter.
Once Neoh steps down, Fave's co-founder Yeoh Chen How will take over as CEO. He'll collaborate with Singapore general manager Avantika Jain and Malaysia general manager Aik Kuang Heng, as well as other Favorite country leaders from Indonesia and India.
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His decision to leave the Malaysia-based enterprise comes after Pine Labs, an Indian merchant platform, acquired his company in 2021. Favorite was bought for $45 million.
Fave, regarded as one of Southeast Asia's most successful entrepreneur-investors, expanded rapidly under Neoh's leadership.
"I have had the privilege of a lifetime to work with some of Southeast Asia's best talents to build Fave into a household brand name - today, one out of every three Singaporeans and millions of consumers across Malaysia, Indonesia, and India use Fave on a daily basis for payments and rewards," Neoh said in a statement.
Fave began in 2015 as the gym subscription service KFit. The firm rose to fame after being acquired by Groupon in three Southeast Asian nations in 2017.
The startup sells eCards, a form of digital card that offers its users cashback as well as the ease of digital payments. It also provides a bargains gateway as well as a buy now, pay later option.
By the end of 2022, Neoh had successfully sailed Fave to its peak, with transaction volumes increasing by a stunning 40% quarter on quarter.
Once Neoh steps down, Fave's co-founder Yeoh Chen How will take over as CEO. He'll collaborate with Singapore general manager Avantika Jain and Malaysia general manager Aik Kuang Heng, as well as other Favorite country leaders from Indonesia and India.
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/
