cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Pine Labs acquires consumer fintech startup Fave for $45M

Ranjeet Roy by Ranjeet Roy
April 13, 2021
Pine Labs

Image Credit: Pine Labs

Pine Labs announced that the company has acquired Southeast Asian consumer fintech startup Fave for $45 million. 

Fave provides a platform for offline merchants to connect and retain customers by using gift cards and vouchers. The fintech startup allows dealers to take payments digitally via scanning QR code. When the customer makes the payment, the customer will get cashback or points, which can be redeemed at that specific business in the next transactions. 

Fave operates in 35 cities across Malaysia, Singapore, and Indonesia and would available for Indian consumers later this year. The Fave founders will manage the overall consumer platform across Asia and hire over 100 new employees. To date, Fave has enabled 6 million consumers in Southeast Asia to save over $400 million across 40,000 retailers since 2016. 

“Fave helps consumers apply their best rewards, coupons, gift cards and cashbacks on all transactions in a seamless manner. We are excited to partner with them in this journey in South East Asia and India,” said B. Amrish Rau, CEO, Pine Labs.

“We are confident that the APAC e-payments landscape will continue to achieve exponential growth in the coming decade. Together, we will be stronger, faster and better,” said Joel Neoh, Co-Founder and CEO of Fave.

The acquisition will help both organizations accelerate their growth in the Asia region and unlock tremendous consumer opportunities across retail, F&B, fashion, and FMCG businesses.

ADVERTISEMENT

Pine Labs said that Fave’s investors would receive an all-cash payout, while founders and key Fave employees will get cash and Pine Labs shares.

With this acquisition, Indian consumers would be able to use Fave app later this year to save across 500,000 merchant network points powered by Pine Labs across 3,700 cities. 

Also Read: How innovation in Fintech is changing personal finance

Ranjeet Roy

Ranjeet Roy

Professor, Writer, Business Consultant. Ranjeet will love to answer your queries at "[email protected]"

Related Posts

TCS Partners with Salling Group
Business

TCS Partners with Salling Group to Drive Digital Transformation and AI-Enabled Cloud Migration

June 16, 2025
Fujitsu Launches Millimeter-Wave Monitoring System
Technology

Fujitsu Launches Millimeter-Wave Monitoring System to Enhance Safety in Privacy-Sensitive Environments

June 16, 2025
Symbiosis
Press Release

B.Tech in Defence Technology Launched at Symbiosis Skill and Professional University

June 16, 2025
Business

Honeywell Partners with Bell Textron to Provide Advanced Power Solutions for Future Long-Range Assault Aircraft

June 16, 2025
Ant International
Press Release

Ant International Announces Sustainability Framework, Serving 100 mn Merchants to Advance Inclusive Growth in Re-globalisation

June 16, 2025
Secure Service Edge
Cyber Security

HCLTech and Cisco Unveil Managed Secure Service Edge Solution to Enhance Cybersecurity for Businesses

June 11, 2025
Ericsson and Supermicro
Business

Ericsson and Supermicro Team Up to Enhance Edge AI Technology with 5G Connectivity

June 10, 2025
Product-Aligned Operating Models
AI

How Product-Aligned Operating Models Are Essential for Thriving in an AI-Driven Future: Report

June 10, 2025
Load More
Please login to join discussion
ADVERTISEMENT

Latest Updates

TCS Partners with Salling Group

TCS Partners with Salling Group to Drive Digital Transformation and AI-Enabled Cloud Migration

by Deepa Sharma
4 hours ago

Fujitsu Launches Millimeter-Wave Monitoring System

Fujitsu Launches Millimeter-Wave Monitoring System to Enhance Safety in Privacy-Sensitive Environments

by Deepa Sharma
5 hours ago

Symbiosis

B.Tech in Defence Technology Launched at Symbiosis Skill and Professional University

by News Desk
8 hours ago

Honeywell Partners with Bell Textron to Provide Advanced Power Solutions for Future Long-Range Assault Aircraft

by News Desk
9 hours ago

Ant International

Ant International Announces Sustainability Framework, Serving 100 mn Merchants to Advance Inclusive Growth in Re-globalisation

by Businesswire Desk
10 hours ago

Secure Service Edge

HCLTech and Cisco Unveil Managed Secure Service Edge Solution to Enhance Cybersecurity for Businesses

by News Desk
5 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved