Acquisition
Pine Labs buys Southeast Asian loyalty startup Fave
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- Pine Labs buys Fave
- Kind
- Acquisition
- Amount
- $45 million
What they do
Pine Labs bought Fave, a Southeast Asian startup, in a deal valued at about $45 million, announced in April 2021
What happened
Fave links offline shops with shoppers through QR code payments, gift cards, vouchers and cashback points usable at that shop
Why it matters
The purchase helped the Indian payments firm widen its consumer-facing offer at home and in overseas markets
The details
- Pine Labs acquired Fave, a loyalty and payments startup, in April 2021.
- Customers pay by scanning a QR code and get cashback points redeemable at that shop.
- The deal was valued at $45 million.
The deal
- Type
- Acquisition
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