Unicorn fintech company Pine Labs invests in Malaysia-based Fave

Pine Labs processes payments of $30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.

Unicorn fintech company Pine Labs has made an investment and formed a strategic partnership with Malaysia-based company Fave, which provides QR payments and loyalty cashback to restaurants and retailers.

Nearly 50,000 of Fave’s and Pine Labs’ merchants in Southeast Asia will benefit immediately from the partnership. The collaboration aims to scale and grow more businesses digitally in the coming months. Fave will also be receiving funding from Pine Labs as part of the partnership. The companies did not reveal the investment amount.

“We’re excited to invest in Fave and partner with their leadership to provide integrated merchant commerce in Southeast Asia,” said