Southeast Asian fintech Fazz raises $100M Series C to serve businesses of all sizesSoutheast Asian fintech Fazz raises $100M Series C to serve businesses of all sizesGiphy GIFGiphy GIF

Southeast Asian fintech Fazz raises $100M Series C to serve businesses of all sizes

Fazz, the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers, announced today that it has raised a total of $100 million in Series C funding.
This includes $75 million in equity and a $25 million debt facility.
Fazz will use the round to continue building out its business accounts, which include payment, savings and credit features.
Fazz’s units include Fazz Agen, an agent-based financial app for micro- and small-businesses in Indonesia, Fazz Business, its business accounts, which serves businesses ranging in size from MSMEs to large corporations, Modal Rakyat, a peer-to-peer lending and borrowing services for MSMEs, and payments infrastructure provider Straits X.
In a press statement, Tiger Global partner Alex Cook said, “Fazz provides important financial tools to businesses in Southeast Asia, many of whom lack easy access to digital payments, treasury functions and growth capital.
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