How much funding has PayFazz raised?

PayFazz has raised $74.1M in total funding, most recently a Series B round.

Who are PayFazz's investors?

PayFazz's investors include Y Combinator Continuity Fund, Tiger Global, Insignia Ventures Partners, B Capital Group, ACE & Company, Quiet Capital.

Where is PayFazz headquartered?

PayFazz is headquartered in Jakarta, Indonesia.

What industry is PayFazz in?

PayFazz operates in Fintech, Payments.

PayFazz

Jakarta, Indonesia · Founded 2016 · $74.1M raised

Fintech

Payments

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

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 Continuity Fund, Tiger Global and Insignia Ventures Partners.