PAYFAZZ is a financial technology startup founded in 2016 with the slogan "Empowering Indonesia's Financial Future Through Secure, Accessible Technology Solutions". The company focuses on developing an agency-based financial platform to cater to Indonesians, particularly those without bank accounts. Their commitment to security is evident through the incorporation of GeoTrust SSL, User ID, and Password systems.
PAYFAZZ's dedication to top-notch financial services technology is reflected in its collaborations with leading Indonesian partners, including banks, PPOB providers, e-commerce platforms, sales agents, alliances, and financial institutions. These partnerships are a key aspect of their services and products.
Through their innovative approach, PAYFAZZ aims to make bill payments, loans, money transfers, savings accounts, and investment services more accessible through smartphones. As of 06 July 2020, the company raised a significant $53.00M in a Series B investment round, with participation from notable investors such as Y Combinator, B Capital Group, Insignia Venture Partners, Tiger Global Management, BRI Ventures, and Quiet Capital. This steady financial backing positions PAYFAZZ as a promising player in Indonesia's financial technology landscape, contributing to the digital shift and enhancing the financial status of the country within Southeast Asia.
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