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.
All three series B investors participated in the $12m series A round closed by KFit in early 2016 alongside VC firm 500 Startups and Axiata Digital Innovation Fund, the vehicle formed by telecommunications firm Axiata and Malaysia Venture Capital Management.