Startups
FAZZ is the leading all-in-one finance platform for businesses in Indonesia and Singapore. We are a b2b neobank with payment acceptance capabilities. The company is the market leader among underbanked segments such as warungs / startups and is building a super-app to serve mid-market and enterprise clients. Core features are: * Accept payments (e-wallet, bank transfer, credit card) * Business Cash Account (earn 4% interest) * Transfer / Pay (payment API's, corporate card, invoice processing via software) * Lending (instant settlement, invoice financing) * Value-add SaaS (inventory management, expense management) FAZZ processes more than $6 bn of annualized GTV for companies of all sizes (from warungs to fortune 500s) and has achieved $25 mm of annualized Revenue. The company has raised over $74 mm USD from top tier global investors such as Tiger Global, DST, Y Combinator, B Capital Group, and Insignia Ventures. The founders are ex Amazon, Grab, Quora, and Traveloka.
Overview
Location
Indonesia, Jakarta Special Capital Region
Employees
501-1000
Founded date
2016
Investors 1
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Mentions in press and media 5
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| Mar 1, 2022 | Startup Wire | Liquid Swords | Hi, everyone. Taro here. Over the past few days, there have been numerous headlines related to the SWIFT sanctions against Russia and other repercussions. There has also been a wave of interest in crypto, with millions of dollars worth of B... |
| Mar 10, 2021 | Payfazz invests $30m in Xfers to form Fazz Financial Group | Indonesian payments firm Payfazz has announced a strategic investment of $30 million in Singapore-based Xfers. FFG wants to tackle the 290 million underbanked in the region The investment sees both firms combine to become the Fazz Financial... |
| Mar 4, 2021 | PAYFAZZ Invests US$30 Million in Xfers to Form New Entity Fazz Financial Group | Indonesian fintech startup PAYFAZZ announced that it has invested US$30 million in Xfers, Singapore-headquartered counterpart to form a new financial entity called Fazz Financial Group (FFG). PAYFAZZ said that both companies will retain the... |
| Fazz | “Fazz offers an online business account to help your company grow faster, by providing access to credit, payment, corporate cards, savings and more.” |
Reviews 0
FAQ about FAZZ
When was FAZZ founded?
FAZZ was founded in 2016.
What has the press written about FAZZ?
Parsers VC has collected 5 articles mentioning FAZZ, among them “Startup Wire | Liquid Swords” (Mar 1, 2022) and “Payfazz invests $30m in Xfers to form Fazz Financial Group” (Mar 10, 2021).
Is FAZZ still active?
Yes, FAZZ is active; its latest activity on Parsers VC dates from Sep 15, 2022.