Singapore – 05-14-2019 (PRDistribution.com) — WAAVE announced that their F&B technology and business in Singapore has been acquired by Fave Group.
Joel Neoh, founder of Fave said: “We believe every business should be able to participate and grow in the digital economy and no businesses should be left out because the cost is too high or the technology is too complex. At Fave, we always look for ways to build easy technology that shortens the distance between businesses and customers and helps businesses to grow” WAAVE will continue to operate in the cashless event space in Singapore maintaining their relationship with venues such as The Merry Lion, Camp Kilo and Kult Kafe among others, in addition to countless event organisers in the city.The unveiling of the new WAAVEPay and other upcoming features is set to help under-banked retailers expand their payment options at the counter. “We are very excited to see this through, as WAAVE tech strengths have been recognized. We made the decision to bring our versatile merchant solutions to a complete different vertical and market” said Silvana Carpanelli-Hayes Founder & CEO of WAAVE Holdings Pte Ltd “This exit has paved the way to our expansion.” The deal comes ahead of WAAVE Tech LLC launch in the US. About WAAVE Tech LLC: Headquartered in Portland OR, WAAVE US is working with licensed cannabis retailers to help them streamline and integrate their ordering, payment, loyalty & rewards and automate their marketing with zero hardware deployments. For more information please visit https://www.us.getwaave.com/become-a-waave-partner or contact Leticia Ferrari [email protected] About Fave:Fave, the leading mobile O2O platform in Southeast Asia, offers payments and rewards across multiple categories including food & beverage, beauty & wellness, services, activities, leisure, and travel. Fave has connected millions of customers to offline businesses in key Southeast Asian market centers. Their mission is to help offline retail businesses across SEA grow and succeed through it’s mobile platform. For consumers, Fave provides everyday convenience and rewards at their favourite places. Get Fave at:myfave.com/app. Contact for press: Audra Pakalnyte at [email protected]
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