FAZZ
New accelerator entry · 2017-04-22 · the record
FAZZ is the leading all-in-one finance platform for businesses in Indonesia and Singapore. We are a b2b neobank with payment acceptance capabilities.
FAZZ is a Y Combinator company in the Summer 2017 batch. Its directory entry describes it as: All-in-one Finance for Every Southeast Asia Business. The founders listed are Hendra Kwik (Founder/Product Manager), Jefriyanto (Founder), Ricky Winata (Founder) (Y Combinator directory entry, April 22, 2017).
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New accelerator entry · 2017-04-22 · the record
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FAZZ is the leading all-in-one finance platform for businesses in Indonesia and Singapore. We are a b2b neobank with payment acceptance capabilities. The company is the market leader among underbanked segments such as warungs / startups and is building a super-app to serve mid-market and enterprise clients. Core features are: * Accept payments (e-wallet, bank transfer, credit card) * Business Cash Account (earn 4% interest) * Transfer / Pay (payment API's, corporate card, invoice processing via software) * Lending (instant settlement, invoice financing) * Value-add SaaS (inventory management, expense management) FAZZ processes more than $6 bn of annualized GTV for companies of all sizes (from warungs to fortune 500s) and has achieved $25 mm of annualized Revenue. The company has raised over $74 mm USD from top tier global investors such as Tiger Global, DST, Y Combinator, B Capital Group, and Insignia Ventures. The founders are ex Amazon, Grab, Quora, and Traveloka.
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