Fazz

Fazz is a fintech company that provides digital financial services aimed at promoting financial inclusion across Southeast Asia. Founded in 2016 and based in Singapore and Indonesia, Fazz enables merchants, ranging from small and medium enterprises to large corporations, to accept payments, transfer funds, and access banking and investment services. The company offers specialized solutions such as Fazz Agen, which serves micro and small businesses in Indonesia, and Fazz Business, a comprehensive account designed to support startups and larger organizations in managing their financial needs. By merging PayFazz and Xfers, Fazz has strengthened its position in the market, focusing on delivering diverse financial services to underserved segments, including the unbanked.

Hendra Kwik

Founder and Group CEO

3 past transactions

StraitsX

Acquisition in 2022
StraitsX offers personal and business accounts to deposit, hold, and withdraw funds as well as connect accounts to digital asset platforms. Business accounts can also access B2B API-enabled payments rails for digital asset platforms and issue the Singapore dollar-backed stablecoin, XSGD.

Modal Rakyat

Corporate Round in 2021
Modal Rakyat is a financial services provider that focuses on facilitating access to working capital for startups and small to medium enterprises (SMEs). It operates a peer-to-peer funding marketplace that connects borrowers, primarily micro, small, and medium enterprises (MSMEs), with lenders seeking investment opportunities. Through its API-driven technology, Modal Rakyat offers a "productive pay-later" feature, which can be utilized across various sectors within the tech-startup ecosystem, including logistics, point of sale systems, and online payment services. The company's digital platform aims to create safe and reliable interactions, enabling MSMEs to obtain the necessary funds for business growth while offering lenders attractive returns on their investments.

Xfers

Corporate Round in 2021
Xfers is a Major Payment Institution approved by the Monetary Authority of Singapore, specializing in e-money issuance services. The company operates a payment processing platform that provides credit card processing and online banking transfers. By leveraging advanced technology, Xfers offers secure payment solutions that automate bank transfer payments, allowing users to efficiently pay, receive, and manage their online transactions. The platform aims to connect businesses with the underbanked population in the region, facilitating access to essential financial services.
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