What is Fave? Fave Review, Features

Fave is the fastest growing O2O company in Southeast Asia and was founded in July 2016. Fave covers various other vertical industries including catering, beauty, health and leisure activities, with more than 1 million active users. Fave users can enjoy a wide range of services in Singapore, Malaysia and Indonesia through the client app.

About FavePay

FavePay APP is an online payment platform created by a Malaysian company. FavePay aggregates multiple payment options for credit and debit cards such as Visa, MasterCard and American Express. This APP can provide users with discounts, discounts, cashback and other activities while paying, which is convenient and easy to use. The software can be used in thousands of Fave restaurants in Singapore, Malaysia and Indonesia, and mobile wallet providers are about to go online, so merchants can benefit, despite the fragmented payment situation in the region.

About FaveBiz

FaveBiz is an all-in-one business dashboard for partners to monitor their Fave transactions and FavePay transactions. With FaveBiz, you can access and view:

Vouchers for valid transactions and redemptions;

sales, revenue and redemption reports;

Data and comments;

Final accounting report;

Marketing tools.

Advantages

1. Cashless Payment

Fave only charges a flat 1% processing fee.

2. Customer Loyalty

Increase your sales up to 2.5x during off-peak hours by customizing your cash back rates during selected time periods.

3. Marketing

Attract new customers every day by advertising your deals and promotions to millions of users on Fave.

4. Data and insights

Get free analytical reports that empower you to make more informed decisions to grow your business more effectively.

5. How it works

Fave is a digital food ordering and payment process built specifically for F&B businesses, reducing the time spent on ordering, reordering, payment processing, and streamlining your business operations.

6. Financial management

Build your financial record with FaveBiz, gain exclusive access to business financing options from our financing partners, and instantly draw down credit to take your business further.

Financing

In September 2018, Fave received a $20 million Series B funding from three existing strategic investors, including Sequoia India, SIG Asia Investment and Venturra Capital. With this funding, Fave plans to bring more benefits to offline retailers and consumers.

Development

In August 2017, Fave announced a partnership with Ant Financial, a financial institution under Alibaba (BABA.N), to provide Southeast Asian customers with a seamless cross-border payment experience through Alipay, with the Singapore market being the first to launch the experience.