The co-founder of Fave, Joel Neoh, will step down as CEO by the beginning of March 2023.
His decision to leave the Malaysian startup follows the 2021 acquisition of his business by the Indian merchant platform Pine Labs. The price paid for Fave was $45 million.
Neoh, considered one of the most successful entrepreneurs and investors in Southeast Asia, oversaw the exponential growth of Fave.
"I have had the opportunity of a lifetime to work with some of the top talents in Southeast Asia to create Fave into a household brand," Neoh said in a statement. "Now, one in three Singaporeans and millions of consumers in Malaysia, Indonesia, and India use Fave daily for payments and incentives."
Fave began in 2015 as the gym subscription service KFit. After being bought by Groupon in three Southeast Asian nations in 2017, the prominence of the firm began to rise.
The startup is in the business of providing eCards, a form of digital card that offers cashback and the convenience of digital payments to its users. In addition, it provides a bargains site and a buy now, pay later option.
By the end of 2022, Neoh will have successfully guided Fave to its zenith, with quarterly transaction volumes increasing by a staggering 40 percent.
Fave co-founder Yeoh Chen How will assume leadership of the expanding firm upon Neoh's departure. He will collaborate closely with the general manager of Singapore, Avantika Jain, and the general manager of Malaysia, Aik Kuang Heng, as well as other Favorite country leaders from Indonesia and India.
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His decision to leave the Malaysian startup follows the 2021 acquisition of his business by the Indian merchant platform Pine Labs. The price paid for Fave was $45 million.
Neoh, considered one of the most successful entrepreneurs and investors in Southeast Asia, oversaw the exponential growth of Fave.
"I have had the opportunity of a lifetime to work with some of the top talents in Southeast Asia to create Fave into a household brand," Neoh said in a statement. "Now, one in three Singaporeans and millions of consumers in Malaysia, Indonesia, and India use Fave daily for payments and incentives."
Fave began in 2015 as the gym subscription service KFit. After being bought by Groupon in three Southeast Asian nations in 2017, the prominence of the firm began to rise.
The startup is in the business of providing eCards, a form of digital card that offers cashback and the convenience of digital payments to its users. In addition, it provides a bargains site and a buy now, pay later option.
By the end of 2022, Neoh will have successfully guided Fave to its zenith, with quarterly transaction volumes increasing by a staggering 40 percent.
Fave co-founder Yeoh Chen How will assume leadership of the expanding firm upon Neoh's departure. He will collaborate closely with the general manager of Singapore, Avantika Jain, and the general manager of Malaysia, 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/