PAYFAZZ (PT Payfazz Teknologi Nusantara) is a financial technology startup from Indonesia that was established in 2016. PAYFAZZ creates a distributed network of bank agents in Indonesia, who performs financial transactions on behalf of unbanked and underbanked customers.
PAYFAZZ is on a mission to empower SMEs and the rural population with technology to build Indonesia’s digital economy, and vision is to become a world class technology company and the best digital integration platform for Indonesia's digital economy. We can accomplish our mission by minding our STEP. Our STEP values helps all employees to Start Small, to Take a Lead, to be Eager to Grow, and to become Pro-Customer. By that PAYFAZZ will create an ecosystem revolving around solving the needs of our customers — it will be better than any competing ecosystem or platform.
Our Founders, who were also crowned by Forbes 30 Under 30, never lost sight of their Mission and Vision to help #FAZZFORWARDINDONESIA, and that resulted in PAYFAZZ being the first Indonesian company to receive seeding money from Y Combinator. Three years later, PAYFAZZ was included in the top 100 Y Combinator companies of all time, based on valuation. PAYFAZZ was also named as the fastest moving businesses of the SME sector, and being the Best Company to work for in Asia 2019.
PAYFAZZ has grown immensely, because our Founders took a big STEP to help #FAZZFORWARDINDONESIA. This is your chance #FAZZFORWARDYOURCAREER with PAYFAZZ.
PAYFAZZ is on a mission to empower SMEs and the rural population with technology to build Indonesia’s digital economy, and vision is to become a world class technology company and the best digital integration platform for Indonesia's digital economy. We can accomplish our mission by minding our STEP. Our STEP values helps all employees to Start Small, to Take a Lead, to be Eager to Grow, and to become Pro-Customer. By that PAYFAZZ will create an ecosystem revolving around solving the needs of our customers — it will be better than any competing ecosystem or platform.
Our Founders, who were also crowned by Forbes 30 Under 30, never lost sight of their Mission and Vision to help #FAZZFORWARDINDONESIA, and that resulted in PAYFAZZ being the first Indonesian company to receive seeding money from Y Combinator. Three years later, PAYFAZZ was included in the top 100 Y Combinator companies of all time, based on valuation. PAYFAZZ was also named as the fastest moving businesses of the SME sector, and being the Best Company to work for in Asia 2019.
PAYFAZZ has grown immensely, because our Founders took a big STEP to help #FAZZFORWARDINDONESIA. This is your chance #FAZZFORWARDYOURCAREER with PAYFAZZ.
Location: Indonesia, Jakarta Special Capital Region
Employees: 201-500
Total raised: $153M
Founded date: 2016
Investors 9
Funding Rounds 2
| Date | Series | Amount | Investors |
| 12.10.2022 | Series C | $100M | - |
| 05.07.2020 | Series B | $53M | - |
Mentions in press and media 16
| Date | Title | Description |
| 07.01.2026 | This startup adapts AI fraud detection for the ASEAN market | - |
| 11.06.2024 | 29 Fintech Leaders From Asia That Made The Forbes 30 Under 30 List This Year | - |
| 12.10.2022 | Southeast Asian fintech Fazz seals US$100mn Series C round | - |
| 14.09.2022 | Tiger Global-backed fintech firm raises $100m series C round | FintechInvestmentsNewsStartups Aditya Hadi Pratama · 14 Sep 2022 · 2 min readTiger Global-backed fintech firm raises $100m series C round Fazz, which was formed with the merge of Indonesia-based Payfazz and Singapore-based Xfers last year, ... |
| 03.03.2021 | Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group | Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. As part of the deal, Payfazz, an agent-based fi... |
| 06.07.2020 | Indonesian fintech startup PAYFAZZ closes $53m Series B round | Premium Indonesian financial technology startup PAYFAZZ has raised $53 million in a Series B funding round led by B Capital Group and Insignia Ventures Partners. Continue reading this story with a subscription to DealStreetAsia. Subscribe A... |
| 06.07.2020 | Payfazz closes USD 53 million in Series B round | Payfazz, a startup that provides financial and payment services through agents, just raised USD 53 million in Series B funding. The round was led by B Capital Group and Insignia Ventures Partners, along with existing investors Tiger Global ... |
| 06.07.2020 | Payfazz gets $53 million to give more Indonesians access to financial services | Indonesia is not only Southeast Asia’s most populated country, but also one of the world’s fastest-growing economies. But many people, especially outside of major cities, still lack access to basic financial services like bank accounts. Pay... |
| 05.07.2020 | Indonesian Fintech PAYFAZZ Reportedly Secures $53 Million Through Series B Funding Round | PAYFAZZ, an Indonesia-based fintech startup, has reportedly secured $53 million through its Series B funding round, which was led by B Capital Group and Insignia Ventures Partners with participation from Tiger Global Management, Y Combinato... |
| 10.04.2019 | Forbes 30 Under 30 Asia 2019’s Banking And Fintech Superstars | Forbes has released its fourth annual 30 Under 30 Asia list, which features 300 disruptors, innovators and entrepreneurs from the region, all under the age of 30. Across 10 categories, young entrepreneurs and rising stars have been selected... |
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