SINGAPORE (Sept 6): Fave, Southeast Asia’s largest mobile loyalty and rewards online to offline (O2O) platform, today announced that it has raised more than US$20 million ($27.5 million) in a Series B round from strategic and existing investors including Sequoia India, SIG Asia Investment and Venturra Capital.

The Fave platform helps retail businesses reach out to millions of customers with special offers, bookings, and cashback solutions, while its FavePay product offers a cashless mobile payment experience.

To date, Fave has helped tens of thousands of offline businesses reach mobile consumers. In 2018 alone, the platform will drive more than US$100 million in revenue to these businesses.

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