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Payfazz Reveals 428 Billion Rupiah Investment for Payment Gateway Startup Xfers

Fazz Financial kini miliki beberapa lini bisnis di bidang fintech, termasuk Xfers dan ModalRakyat / Payfazz Hendra will be the CEO of FFG, while Tianwei Liu sits as a Deputy CEO Dailysocial.id is a news portal for startup and technology innovation. You can be a part of DailySocial.id`s startup community and innovation members, download our tech research and statistic reports, and engage with our innovation community. Share this article Payfazz disclosed a strategic investment in Singapore-based payment gateway startup Xfers. Rumor has been circulating in the industry since May 2020, but Payfazz‘ CEO Hendra Kwik keeps denying it every time DailySocial tried to confirm.

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Indonesian Fintech PAYFAZZ Invests $30M into Singapore s Xfers to Enable Financial Inclusion in Southeast Asia

Indonesian Fintech PAYFAZZ Invests $30M into Singapore s Xfers to Enable Financial Inclusion in Southeast Asia
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Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group – TechCrunch

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 financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. Based in Singapore, Xfers will serve as the B2B and Southeast Asia arm of Fazz Financial Group, while Payfazz, which already uses Xfers’ payments infrastructure, will continue expanding in Indonesia. The two companies will retain their names while working together under the new holding entity.

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Indonesia s PAYFAZZ invests $30m in SG peer Xfers, forms Fazz Financial Group

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Indonesia s Payfazz and Singapore s Xfers Join Forces

Indonesia s Payfazz and Singapore s Xfers Join Forces
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