# Fazz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fazz

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.fazz.com
- Total disclosed funding: $75M
- Latest round: Series C (Sep 14, 2022)
- Investors on record: 8

## About

Based in Jakarta, Indonesia, Fazz Inc operates as a business finance company that offers a platform to access business accounts that include payments, savings, and credit features. The company was founded as a merger between PayFazz and Xfers. In September 2022, Fazz raised USD 100 million in series C funding which is USD 75 million in equity and USD 25 million in debt funding. As of 2022, the company is led by its CEO Hendra Kwik.

It offers various services related to business finance. It provides its users with a platform that offers services related to business finance. The services under business finance offered include Business accounts, loans, cards, pay and receive gateways, etc. The company also supports the business operations of its clients by offering them services like inventory management and point of sale services. The agent financial services offered to clients by the company include money transfer, pay and wholesale services, cash withdrawal, recharge, etc. The company also offers its payment and card issuing API. The incorporation services offered by the company in Singapore help businesses to grow and connect.

The company generates its revenue by charging transaction fees. It charges Rp5.0 for using the payment link, Real-time transfer Rp4.000, and RTGS Rp25.000. The point-of-sale subscription costs free for the Lite version and Rp149.00 monthly for the premium version in Indonesia. The company charges SGD 504 for Jumpstart Local and SGD 2,898 for a jump start extra, the incorporation services offered by the firm.

## Funding rounds

- Series C, Sep 14, 2022, $75M — SG Growth Capital, Tiger Global Management, InterVest, DST Global, ACE & Company, B Capital, Insignia Ventures Partners, Ilham Ltd

## Investors

- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- InterVest (https://capitalatlas.ai/funds/intervest) — Series C
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Series C
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series C
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series C
- Ilham Ltd — Series C