{"id":742,"date":"2020-07-24T00:00:00","date_gmt":"2020-07-24T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-65-fave-secures-investment-from-fintech-unicorn-investax-partners-with\/"},"modified":"2021-07-23T07:39:45","modified_gmt":"2021-07-23T07:39:45","slug":"durians-daily-65-fave-secures-investment-from-fintech-unicorn-investax-partners-with","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=742","title":{"rendered":"Daily Markup #65: Fave secures investment from fintech unicorn; InvestaX partners with\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"493\" data-height=\"533\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/19ME4RFOV91F822myQdnqhw.png\"><\/figure>\n<p><strong>Integrating cashless payments options<\/strong><\/p>\n<ul>\n<li>500-backed Fave has received an undisclosed investment from Pine Labs, one of Asia\u2019s leading digital payments company which achieved unicorn status earlier this year.<\/li>\n<li>Under <a href=\"https:\/\/tech.economictimes.indiatimes.com\/news\/startups\/pine-labs-makes-strategic-investment-in-malaysian-fintech-platform-fave\/77111209\" target=\"_blank\" rel=\"noopener\">the terms of the investment<\/a>, Fave\u2019s QR code will become interoperable and integrated with Pine Labs\u2019 point of sale terminals across Southeast Asia.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1400\" data-height=\"1000\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1gI-Hke0MTYiwWmnsa3_Wxg.png\"><figcaption class=\"wp-caption-text\">Credit: The Honeycombers<\/figcaption><\/figure>\n<ul>\n<li>Fave\u2019s merchant payment acceptance and loyalty cashback solutions will expand into both debit and credit cards platforms via Pine Labs payment terminals.<\/li>\n<li>Both companies have credible presence in the region. According to <a href=\"https:\/\/www.business-standard.com\/article\/companies\/unicorn-fintech-company-pine-labs-invests-in-malaysia-based-fave-120072201409_1.html\" target=\"_blank\" rel=\"noopener\">Business Standard<\/a>, Pine Labs processes payments of US$30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.<\/li>\n<li>To date, Fave is available across 35 cities in Singapore, Malaysia, and Indonesia with over 30,000 merchants on its platform specialising in F&amp;B, beauty &amp; wellness, retail, services, fitness, travel.<\/li>\n<\/ul>\n<p><strong>Fresh funds<\/strong><\/p>\n<ul>\n<li>500-backed <a href=\"https:\/\/blog.investax.io\/\" target=\"_blank\" rel=\"noopener\">InvestaX<\/a>, a licensed digital securities issuance, investments, and trading platform announced yesterday it has entered into a strategic partnership with LIFULL, the public listed Japanese company with decades of experience in proptech.<\/li>\n<li>InvestaX wrote on its <a href=\"https:\/\/blog.investax.io\/press-release-digital-securities-singapore-japan-partnership-2\/\" target=\"_blank\" rel=\"noopener\">blog<\/a>, \u201cLIFULL\u2019s strategic investment into InvestaX paves the way for further growth of the Japanese real estate digital securities industry and access to the Japanese real estate market for foreign investors on the InvestaX platform.\u201d<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"874\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da236f78f.jpg\"><figcaption class=\"wp-caption-text\">Credit: InvestaX<\/figcaption><\/figure>\n<ul>\n<li>LIFULL was listed on the Tokyo Stock Exchange in 2006. First starting as a real estate listing portal, it has since grown to offer its services to over 60 different countries.<\/li>\n<li>The fresh funds will be channeled to invest in technologies to enhance a secondary exchange platform, smart contracts and to make key hires to drive the partnership and product pipeline, the announcement reads.<\/li>\n<li>\u201cThe timing of this partnership underscores the growing momentum and potential growth of digital securities as being accelerated by recent global challenges,\u201d says InvestaX CEO and co-founder, Julian Kwan.<\/li>\n<\/ul>\n<p><strong>Sign up!<\/strong><\/p>\n<ul>\n<li>500 Startups has just launched Batch 2 of its Global Launch San Francisco program, with the goal of helping startups develop and execute a targeted strategy to test and validate the US market.<\/li>\n<\/ul>\n<figure><img decoding=\"async\" data-width=\"1600\" data-height=\"1600\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da23d0a20.png\"><\/figure>\n<ul>\n<li>They\u2019re on the hunt for 25 Singapore-based startups who are in the seed to series A stages.<\/li>\n<li>Here\u2019s what to expect from the program: Work with 500 to develop a customized go-to-market business plan and US-specific growth strategy, get access to our global pool of relevant and highly active mentors with solid US business experience, and network with startups from past batches, corporate partners, and key industry stakeholders.<\/li>\n<li>Applications are open now with a closing date of August 14, 2020. For more details and how to apply, click <a href=\"https:\/\/ecosystems.500.co\/global-launch-sf\/apply-now?utm_source=500%20Durians&amp;utm_medium=Email%2C%20Email%20Collateral&amp;utm_campaign=Global%20Launch%20SF%20B2\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da24b44fb.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<hr>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Integrating cashless payments options 500-backed Fave has received an undisclosed investment from Pine Labs, one of Asia\u2019s leading digital payments company which achieved unicorn status earlier this year. Under the terms of the investment, Fave\u2019s QR code will become interoperable and integrated with Pine Labs\u2019 point of sale terminals across Southeast Asia. Credit: The Honeycombers [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[338,404],"class_list":["post-742","post","type-post","status-publish","format-standard","hentry","category-daily","tag-fave","tag-investacrowd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #65: Fave secures investment from fintech unicorn; InvestaX partners with\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=742\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #65: Fave secures investment from fintech unicorn; InvestaX partners with\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Integrating cashless payments options 500-backed Fave has received an undisclosed investment from Pine Labs, one of Asia\u2019s leading digital payments company which achieved unicorn status earlier this year. Under the terms of the investment, Fave\u2019s QR code will become interoperable and integrated with Pine Labs\u2019 point of sale terminals across Southeast Asia. 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