Fazz

investment firm

About

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

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

Employee Profiles

Number of Employee Profiles
7
Fazz has 7 current employee profiles, including Board member Yinglan Tan
Board member
Board observer
Board observer
Board member

Acquisition

Fazz has acquired 1 organizations. Their most recent acquisition was StraitsX on Aug 30, 2022. They acquired StraitsX for 0.

Date Company Name
Industry Acquisition Type Price
Aug 30, 2022 StraitsX
FinTech acquisition Detail