Fazz

About

Fazz enables businesses to send and receive payments, grow their capital, and get funding.

Singapore,Central Region,Singapore
https://fazz.com

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $75M
Industries: Banking,Financial Services,FinTech,Lending,Payments
Founded date: May 18, 2016
Operating Status: Active
Legal Name: FAZZ, Inc.
Also Known As: Payfazz,Fazz Financial,Fazz Financial Group

Fazz enables merchants from SMEs to Enterprises to accept payments, transfer, bank, and invest. The firm offers Fazz Agen, an agent-based financial application serving micro and small businesses in Indonesia. Fazz Business is a business account to help startups, MSMEs, and large corporations build, run, and grow their businesses across Southeast Asia by providing the ability to pay and receive payments, grow capital, and get funding.

The company was founded in 2016 and is based in Singapore and Indonesia. PayFazz and Xfers merged and formed Fazz.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$174.12M

Fazz has raised a total of $174.12M in funding over 2 rounds. Their latest funding was raised on Sep 14, 2022 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 14, 2022	Series C	$75M	10	—	—	Detail
Sep 14, 2022	Debt Financing	$25M	1	Lendable	—	Detail
Jul 5, 2020	Series B	$53M	9	B Capital Group Insignia Ventures Partners	—	Detail
Oct 1, 2018	Series A	$21M	16	DST Global Tiger Global Management	—	Detail
Aug 11, 2017	Seed	$125K	1	Y Combinator	—	Detail

Investments

Number of Investments

Number of Lead Investments

6

2

Fazz has made 6 investments. Their most recent investment was on Sep 9, 2021, when FiscalNote raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Sep 9, 2021 FiscalNote	Secondary Market	—	Artificial Intelligence	—
Jul 20, 2021 Discord	Secondary Market	—	Communities	—
May 5, 2021 Modal Rakyat	Corporate Round	—	FinTech	Yes
Apr 1, 2021 Kraken	Secondary Market	—	Bitcoin	—
Mar 4, 2021 Xfers	Corporate Round	$30M	Banking	Yes

Investors

Number of Lead Investors

Number of Investors

6

23

Fazz is funded by 23 investors. Lendable and ACE & Company are the most recent investors.

Investor Name	Lead Investor	Funding Round
Lendable	Yes	Debt Financing
ACE & Company	—	Series C
B Capital Group	—	Series C
DST Global	—	Series C
EDBI	—	Series C
Hans Tung	—	Series C
Insignia Ventures Partners	—	Series C
InterVest	—	Series C
llham	—	Series C
Michael Seibel	—	Series C