- Headquarters
- Jakarta
- Employees
- 201–500
- Founded
- 2016
- Business Model
- B2B2C
- Website
- payfazz.com
- Total Funding
- $74.1M
- Last Round
- $53.0M Series BJul 2020
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
PayFazz is an agency-based financial platform that empowers small warungs (micro-retailers) across Indonesia to offer digital financial services to their communities. Through a network of local agents operating out of neighborhood shops, PayFazz enables mobile top-ups, bill payments, remittances, prepaid electricity, and e-wallet top-ups in areas underserved by traditional banking. Founded in 2016, PayFazz built one of Indonesia's largest branchless banking agent networks, serving rural and semi-urban populations with no prior access to formal financial services. In 2021, PayFazz merged with Singapore-based Xfers to form Fazz Financial Group.
Summary
PayFazz is a Fintech company based in Jakarta, Indonesia, founded in 2016. It has raised $74.1M in total across 3 rounds, most recently a $53.0M Series B round in Jul 2020. Investors include Y Combinator, Tiger Global and Insignia Ventures Partners.
Tech & App Stack
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Funding History
Jul 2020
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Funding: Seed through Series B. Amounts, valuations, and investors where available.
Investors
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