Malaysia's Fave struggles to get cashback train on track
× Malaysia’s Fave struggles to get cashback train on track One pivot, a series of acquisitions, and a US$4 million down round later, Fave is still struggling to find a strong footing for its business. It’ll soon have to face larger and better-funded competitors that are encroaching its offline loyalty space 15 Dec 2020 Fave had its valuation slashed by more than half to US$34 million after raising money from Indian payments unicorn Pine Labs in July After pivoting from a fitness platform, it acquired Groupon’s businesses in Malaysia, Singapore and Indonesia, and added a payments aggreg...
Source: the-ken.com