Funding alert! We hear Fazz Financial's looking to raise a Series C this year. America's calling — we can't name names, but "top-tier US investors" are interested.

• Its monthly transactions surged 3x to over $800M, and its monthly revenue doubled to $2.6M in December 2021.

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💍  Perfect pair?

Last year, two Y Combinator fintechs, Singapore-based Xfers and Indonesia's Payfazz decided they'd be stronger as one. So, Payfazz invested $30M into Xfers to combine into a new entity, Fazz Financial.

• Big money, big names. Payfazz and Xfers have raised over $74.1M since 2016 from investors like Tiger Global, DST Partners and B Capital.
• Joining as one allowed Payfazz to expand to Singapore. Plus, Xfers' APIs let them go beyond SMEs and serve startups and enterprises.

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🔄  Money go round

Whether you're an individual, SME, startup or big business, they've got something for you.

You and I. Send money, make payments, earn rewards, invest, budget and (soon!) bank all on their app.‍

Merchants. Get a business loan, manage your business through easy bookkeeping and accept payments fast.

• Earn more! Choose to be an agent and allow your customers to pay bills, transfer money, save and withdraw at your store.
• Its 250,000+ agents serve customers as a "banking network" in rural areas where banks typically don't have branches.
  

Infrastructure. Use their APIs and infrastructure to accept and send money and for digital assets.

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💰 What's with the $$$?

Fazz Financial is looking to merge all its products to build an all in-one finance super app for every business in SEA. It's focusing on winning Indonesia and Singapore before expanding to the rest of SEA.

• The funds are to hire more engineers and build more products.