Audra Pakalnyte, Head of FavePay Later, has announced her departure after an eight-year stint at the Malaysian fintech company, as mentioned in her LinkedIn post. As one of Fave’s pioneer employees, Pakalnyte has been instrumental in the company’s transformative journey, from its modest beginnings to becoming a fintech unicorn.
During her tenure, Pakalnyte managed strategic initiatives, led the people and product teams, and was key to Fave’s transition post-Groupon acquisition. She was also vital in launching new products, including Fave’s buy now pay later service, FavePay Later, launched in 2021.
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Prior to Fave, Pakalnyte served as a consultant at TalentSquare and as an HR manager for Symphony HRS. She also established PlateCulture, a home-dining marketplace, and worked as a programme director for StartupMalaysia.
Meanwhile, Neoh is also transitioning careers, assuming the role of managing director at CircleDNA, a biotech research firm. Additionally, he will be the chief consumer officer, aiding the company’s expansion into a leading consumer preventive healthcare platform.
Fave has recently confirmed its exit from the Indonesian market, effective from 1 April 2023, to focus on its core markets – Singapore, Malaysia, and India. The company is committed to expanding flexible payment acceptance and processing for online merchants, fostering partnerships with regional fintech players, and innovating through cashback loyalty programs and personalized experiences.
Fave intends to continue supporting its merchants through its sister brand, QwikCilver, and other services by its parent company, Pine Labs. News based on Marketing Interactive