Close Menu
    What's Hot

    The Mystery of /lryrxin5wse: Deciphering the Enigmatic String of Characters

    June 4, 2023

    Identify Your Vehicle with Ford Vin Decoder

    June 3, 2023

    Octopus Energy Group Secured $300M from CPP for Expansion Across UK and Beyond

    June 2, 2023
    Facebook X (Twitter) Instagram
    Trending
    • The Mystery of /lryrxin5wse: Deciphering the Enigmatic String of Characters
    • Identify Your Vehicle with Ford Vin Decoder
    • Octopus Energy Group Secured $300M from CPP for Expansion Across UK and Beyond
    • INX Announces $125 Million Token Sale to Support its Blockchain Technology
    • Manga18fx: Latest Review 2023 | How It Works, Create Own Manga, Pros & Cons
    • Who is Adam Celorier? All About His Age, Height, Career, Net Worth & Everything We Know About Him
    • Fazz Financials of Southeast Asia Raised $100 in Equity and Debt Funding
    Facebook X (Twitter) Instagram Pinterest Vimeo
    📡dariolle
    • Business
    • Education
    • Games
    • Legal
    • News
    • Technology
    • Travel
    Subscribe
    📡dariolle
    Home » Fazz Financials of Southeast Asia Raised $100 in Equity and Debt Funding
    Funding & Investment

    Fazz Financials of Southeast Asia Raised $100 in Equity and Debt Funding

    Anuj SinghBy Anuj SinghMay 25, 2023Updated:June 14, 2023No Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    _Fazz Financials Raises $100M in Equity & Debt Funding Southeast Asia
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Fazz Financials is a fintech company that enables merchants from small-to-medium industries to Enterprises to perform several financial works easily. It has received Series C funding with a total value of $100 million. This comprises a $25 million financing facility in addition to $75 million in equity.

    It was founded in 2021 by the coalition of Indonesia-based PayFazz and Singapore-based Xferns and its founders are Hendra Kwik, Ricky Winata, Tianwei Liu, Jefriyanto Guang, and Victor Liew Jia Hao. 

    Fazz offers several services under different names including Fazz Agen, Fazz Business, Modal Rakyat, and StraitsX. 

    It has operations in Indonesia, Singapore, Vietnam, Malaysia, and Taiwan with a team of 800 innovative talents. 

    Southeast Asia targeted fintech, Fazz Financials has raised $100 million in funding that closed the Series C for the company. The funding comprises a division as equity and debt funding as $75 million came in equity funding and $25 million came as debt. 

    Table of Contents

    Toggle
    • The Debt financing was led by Lendable
      • Conclusion
    • FAQs:
    • Related Posts-

    The Debt financing was led by Lendable

    The investors involved in the equity funding of Series C include the existing investors DST Investments, Tiger Global, B Capitals, ACE & Company, and Insignia Ventures Partners. Some other backers also supported the round which are Illham, InterVest, EDBI, Michael Seibel who is the managing director of Y Combinator, and Hans Tung who is the managing director of GGV Capital. 

    The CEO of Fazz Financials, Hendra Kwik said that there are many businesses in the entire Southeast Asia that are still under the category of underserved which contains those businesses that are heavily damaged by the effect of a year-long pandemic. The motive of Fazz is to step up and help them in rejuvenating freshly to grow back stronger than ever. 

    Hendra Kwik also said in a press release that the key differentiator of Fazz is their technology as they invest a lot in that side of their business to make sure to access the financial tools that help to construct any business from a small base from all the way to a huge enterprise.

    One of the different service provider units of Fazz is Fazz Agen which is an agent-based financial application dedicated to pouring all sizes of enterprises.  The second is Fazz business which works as a business account and helps by providing the ability to receive and pay payments and grow their capital to get the funding. The third solution of Fazz is Modal Rakyat which is a borrowing and P2P lending service for the MSMEs and the fourth and last solution is StraitsX which is a digital asset of payment infrastructure. 

    The Southeast Asia-focused fintech firm announced the use of this round’s capital in broadening its operations and accelerating its mission to fasten the digital transformation of Southeast Asia. They also want to expand their team up to 1,400 which is 800 for now. 

    Alex Cook, the partner of Tiger Global, said that many of the important tools are provided by Fazz to Southeast Asian businesses, many of whom lack complete access to growth capital, digital payments, and treasury functions. The functions and services of Fazz are rapidly adopted by many of the small and larger platforms and they are now looking forward to their partnership with Fazz. 

    Conclusion

    The Southeast Asian financial technology company, Fazz which was made by the amalgamation of Singapore’s PayFazz and Indonesia’s Xferns has raised $100 million in a Series C round of funding. The capital has come in a ratio of equity and debt financing with $75 million in equity, secured from  DST Investments, Tiger Global, B Capitals, ACE & Company, Insignia Ventures Partners,  Illham, InterVest, EDBI, Michael Seibel who is the managing director of Y Combinator, and Hans Tung who is the managing director of GGV Capital. $25 million has been secured in debt from Lendable. The company aims to use this capital in expanding the company’s operations, accelerating the business, and increasing its team. 

    FAQs:

    Q1. What are the services provided by Fazz Financials?
    Ans. Under many names, such as Fazz Agen, Fazz Business, Modal Rakyat, and StraitsX, it provides a variety of services.

    Q2. When was Fazz Financials founded?
    Ans. PayFazz and Xferns joined together to form Fazz Financials in 2021, and its founders included Hendra Kwik, Ricky Winata, Tianwei Liu, Jefriyanto Guang, and Victor Liew Jia Hao.

    Q3. Who led the debt financing in Fazz Financials’ Series C round?
    Ans. The debt financing in Fazz Financials’ Series C round was led by Lendable.

    Q4. What is Fazz Financials’ plan for the capital raised in the Series C round?
    Ans. The money raised in the Series C round will be used by Fazz Financials to boost its workforce from 800 to 1,400 people, accelerate its mission of digital transformation in Southeast Asia, and extend its operations.

    Q5. Who is the CEO of Fazz Financials?
    Ans. The CEO of Fazz Financials is Hendra Kwik.

    Related Posts-

    Octopus Energy: Raises $300M Funding
    INX: $125M Token Sale Fuels Blockchain
    Adam Celorier: All You Need to Know

    CEO of Fazz fazz crunchbase fazz financial group fazz financial series c Fazz funding fazz layoff fazz singapore fazz valuation payfazz payfazz revenue Services of Fazz
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Anuj Singh

      Leave A Reply Cancel Reply

      Trending Post

      The Mystery of /lryrxin5wse: Deciphering the Enigmatic String of Characters

      June 4, 2023

      Identify Your Vehicle with Ford Vin Decoder

      June 3, 2023

      Octopus Energy Group Secured $300M from CPP for Expansion Across UK and Beyond

      June 2, 2023

      INX Announces $125 Million Token Sale to Support its Blockchain Technology

      June 1, 2023

      Manga18fx: Latest Review 2023 | How It Works, Create Own Manga, Pros & Cons

      June 1, 2023
      About

      Discover breaking news, ride the waves of tech trends, delve into health insights, and more on our digital hub. Your entrance to a world of knowledge beckons for exploration!

      Recent Posts
      • The Mystery of /lryrxin5wse: Deciphering the Enigmatic String of Characters
      • Identify Your Vehicle with Ford Vin Decoder
      • Octopus Energy Group Secured $300M from CPP for Expansion Across UK and Beyond
      • INX Announces $125 Million Token Sale to Support its Blockchain Technology
      • Manga18fx: Latest Review 2023 | How It Works, Create Own Manga, Pros & Cons

      The Mystery of /lryrxin5wse: Deciphering the Enigmatic String of Characters

      June 4, 2023

      Identify Your Vehicle with Ford Vin Decoder

      June 3, 2023

      Octopus Energy Group Secured $300M from CPP for Expansion Across UK and Beyond

      June 2, 2023
      Facebook X (Twitter) Instagram Pinterest
      • contact@dariolle.com
      • Business
      • Education
      • Automobiles
      © 2025 www.dariolle.com - All rights reserved

      Type above and press Enter to search. Press Esc to cancel.