# JazzyPay

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

- Industry: Financial Services
- Headquarters: Makati City, Philippines
- Website: www.jazzypay.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Feb 21, 2020)
- Investors on record: 3

## About

JazzyPay, Inc. is a digital payments company providing innovative solutions for businesses and consumers, focusing on streamlined transaction processes across multiple platforms.Founded in 2018 and headquartered in Makati City, Philippines, JazzyPay, Inc. offers digital payment solutions for smooth transactions. The company has successfully completed 3 deals, with the most recent deal occurring on January 6, 2022, during which ASEAN Fintech Group acquired a majority stake for USD 1.8 mn. Joshua Marindo, the CEO and co-founder, has been pivotal in the evolution of the company.JazzyPay specializes in digital payment solutions tailored for both businesses and consumers, facilitating seamless transactions across various platforms. Their core offerings include a robust payment processing system that integrates with e-commerce platforms, allowing merchants to accept a variety of payment methods such as credit cards, digital wallets, and direct bank transfers. Additionally, JazzyPay provides a mobile payment application for consumer purchases directly from smartphones, targeting small to medium-sized enterprises (SMEs) in North America, Europe, and parts of Asia. By streamlining the payment process, JazzyPay aims to enhance user experiences and support businesses in increasing sales and customer satisfaction.JazzyPay generates revenue primarily through a transaction-based model, charging a percentage fee per transaction processed through their systems. Retailers utilizing JazzyPay's services incur fees based on the sales volume processed each month. The company also offers subscription-based pricing for premium features in their mobile application, providing enhanced analytics and reporting tools for businesses. Strategic partnerships with large e-commerce platforms further augment revenue streams through commissions on transactions conducted via these integrations. In the most recent year, JazzyPay reported a revenue of USD 0 mn and an EBITDA of USD -21,326.5.Following the recent funding round on January 6, 2022, where ASEAN Fintech Group Ltd acquired a majority stake in JazzyPay for USD 1.8 mn, the company plans to enhance its capabilities and fast-track advancements in Southeast Asia’s fintech ecosystem. JazzyPay aims to expand its product offerings and explore new markets, with a focus on Southeast Asia. The funding will be utilized to support these initiatives, bolstering their strategic position in the evolving digital payment landscape.

## Funding rounds

- Seed, Feb 21, 2020, $0.6M — Techstars, Cocoon Capital
- Angel, Jul 16, 2018, $0.1M — Rakuten Group, Inc., Techstars

## Investors

- Rakuten Group, Inc. — Angel
- Techstars (https://capitalatlas.ai/funds/techstars) — Angel, Seed
- Cocoon Capital (https://capitalatlas.ai/funds/cocoon-capital) — Seed