Fave faces SIG in $20m series B

Sep 12, 2018 • Robert Lavine

Fave, the loyalty and rewards platform formerly known as Groupon Singapore, has secured series B funding from investors include SIG Asia.

Singapore-based retail offers platform Fave has received more than $20m in series B funding from investors including technology and trading firm Susquehanna International Group (SIG), The Business Times has reported.

SIG participated through its SIG Asia subsidiary, investing together with venture capital firms Sequoia Capital India and Venturra Capital.

Founded as Groupon Singapore, Fave operates a mobile-focused loyalty and rewards platform for offline retailers. It rebranded in March 2017 when it was acquired by fitness and healthcare services provider KFit.

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