Having recently raised a $53m Series B funding led by B Capital and Insignia Ventures Partners, Payfazz plans to further its aims in providing access to financial services for all Indonesians, particularly those living in rural areas. The startup had previously raised $21m in a September 2018 Series A round. “We will allocate most of the funding for fintech product innovation and user-base expansion across both Indonesia and Southeast Asia,” co-founder and CEO Hendra Kwik told CompassList. Payfazz partners with various banks around the country to create an army of banking “agents,” m...
Payfazz makes banking “agents” out of Indonesia’s many SMEs © Payfazz
