Funding Details
- Awarder
- YCombinator
- Date Award
- April 22, 2017
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2017
- Company Description
- FAZZ is the leading all-in-one finance platform for businesses in Indonesia and Singapore. We are a b2b neobank with payment acceptance capabilities. The company is the market leader among underbanked segments such as warungs / startups and is building a super-app to serve mid-market and enterprise clients. Core features are:
* Accept payments (e-wallet, bank transfer, credit card)
* Business Cash Account (earn 4% interest)
* Transfer / Pay (payment API's, corporate card, invoice processing via software)
* Lending (instant settlement, invoice financing)
* Value-add SaaS (inventory management, expense management)
FAZZ processes more than $6 bn of annualized GTV for companies of all sizes (from warungs to fortune 500s) and has achieved $25 mm of annualized Revenue.
The company has raised over $74 mm USD from top tier global investors such as Tiger Global, DST, Y Combinator, B Capital Group, and Insignia Ventures. The founders are ex Amazon, Grab, Quora, and Traveloka.
- Market
- Fintech
- Location
-
Jakarta,
Jakarta,
Indonesia
- Coinvestors
- YCombinator
Links