Favor Appoints New Chief Financial Officer

Steven Pho, new Chief Financial Officer at NeighborFavor, parent company of Favor. Courtesy photo

Steven Pho, new Chief Financial Officer at NeighborFavor, parent company of Favor. Courtesy photo

NeighborFavor, the parent company of Favor, Wednesday announced it has hired Steven Pho as its new Chief Financial Officer.

Pho previously worked as senior vice president of corporate development at RetailMeNot. He was responsible for mergers and acquisition. At Favor, he will manage the company’s finance, legal, facilities and human resource teams.

Pho is the second senior executive to join Austin-based Favor from RetailMeNot. Earlier this month, Jag Bath became Favor’s Chief Executive Officer and President. He previously worked at RetailMeNot.

In the past few months, Favor has been bolstering its executive ranks as the company expands nationwide and internationally. In July, Michael Nels joined the company from SolarWinds as vice president of engineering.

All of the hiring and expansion follows a Series A round of financing the company closed worth $13 million in March. The funding came from Silverton Partners, S3 Ventures and Tim Draper. To date, the company has raised $16.9 million.

“I’m excited to be joining a team so intensely focused on delivering a world-class user experience and service to it’s customers and merchant partners,” Pho said in a news release. “Favor’s incredible growth has been remarkable to watch and I’m pleased to be joining the company at such a significant stage as it readies itself to launch in more cities.”

Favor, which launched in Austin in June of 2013, has spread to 11 other cities in the U.S. and Canada including Atlanta, Boston, Dallas, Denver, Houston, Miami, Nashville, Fort Worth, San Antonio, San Marcos and Toronto. Favor has more than 50 full time employees and more than 3,000 part-time runners in its markets. The company is a delivery service. Its runner pledge to deliver goods to consumers and businesses in less than an hour.

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