Fazz
Fazz helps Southeast Asian businesses accept payments, bank, and access credit.
Fazz is a B2B neobank and payment infrastructure platform serving businesses across Southeast Asia, from warungs to Fortune 500 companies. The platform enables businesses to accept payments (e-wallet, bank transfer, credit card), maintain business cash accounts with 4% interest, access corporate cards, and utilize lending products like invoice financing. Fazz addresses the $300 billion funding gap for MSMEs by providing enterprise-grade financial tools at accessible price points, processing over $6 billion in annualized GTV.
Problem solved
MSMEs in Southeast Asia lack access to affordable payment infrastructure, business banking, and credit facilities available to larger enterprises, creating a $300 billion funding gap.
Target customer
MSMEs, warungs, startups, mid-market and enterprise companies across Southeast Asia seeking integrated payment and banking solutions.
Founders
H
Hendra Kwik
CEO & Co-Founder
Previously Head of Growth at Kudo (acquired by Grab); Chemical Engineering degree from ITB (valedictorian 2012); built two fintech startups including Payfazz.
T
Tianwei Liu
Group Deputy CEO & Co-Founder
Engineer by training; CEO and co-founder of Xfers, Singapore-based payment infrastructure fintech focused on decentralized finance access.
J
Jefriyanto
Co-Founder
Co-founder of PayFazz; background from Amazon, Grab, Quora, and Traveloka.
R
Ricky Winata
Co-Founder
Co-founder of PayFazz; background from Amazon, Grab, Quora, and Traveloka.
Funding history
Series C
$100M
September 2022
Led by Tiger Global, DST Global Partners, B Capital, Insignia Ventures Partners
· ACE & Company, Ilham Ltd, EDBI, InterVest, Michael Seibel, GGV Capital, Lendable (debt)
Series C Extension
$5.3M
March 2023
Led by Existing investors
· Unknown
Series B
Unknown
January 2020
Led by Tiger Global Management
· Unknown
Total raised:
$179M
Industries
Pricing
Competitive pricing model emphasizing 'friendliest rates in the market.' For Fazz Agen: IDR 1,000 admin fee for transfers to BCA, BRI, BNI, Mandiri; IDR 2,500 for other banks. Full pricing for enterprise products not publicly disclosed.
Notable customers
Not publicly disclosed; serves companies from warungs to Fortune 500; processes $6B+ annualized GTV.
Integrations
Grab (Purpose Bound Money demonstration), Primer (PayNow adoption), StraitsX (blockchain infrastructure), plus APIs for payment processing and business operations.
Tech stack
Vue.js (JavaScript frameworks)
jQuery Migrate (JavaScript libraries)
jQuery UI (JavaScript libraries)
jQuery (JavaScript libraries)
core-js (JavaScript libraries)
MySQL (Databases)
Zendesk (Documentation)
WordPress (Blogs)
Linkedin Insight Tag (Analytics)
HubSpot Analytics (Analytics)
Matomo Analytics (Analytics)
Google Analytics (Analytics)
FullStory (Analytics)
Facebook Pixel (Analytics)
Google Font API (Font scripts)
Twitter Emoji (Font scripts)
Nginx (Web servers)
PHP (Programming languages)
Google Workspace (Email)
Cloudflare (CDN)
jQuery CDN (CDN)
cdnjs (CDN)
HubSpot (Marketing automation)
Google Tag Manager (Tag managers)
Elementor (Page builders)
Yoast SEO Premium (SEO)
Google Remarketing Tag (Retargeting)
Hello Elementor (WordPress themes)
Website
Competitors
Xendit
Focused primarily on payment gateway and fund disbursement with marketplace and financing tools; less emphasis on comprehensive banking services.
Alterra
Operates in billing and payment technology for bill issuers and end-users; narrower focus on bill payment services vs. comprehensive business banking.
Why this matters: Fazz represents a critical fintech consolidation trend in Southeast Asia, merging Indonesia's largest underbanked MSME payment platform (PayFazz) with Singapore's infrastructure fintech (Xfers) to create a regional neobank. At nearly $1B valuation with $6B+ GTV and $25M ARR, it's addressing the $300B MSME funding gap while building enterprise-grade infrastructure.
Best for: MSMEs and small businesses in Southeast Asia needing affordable, integrated payment acceptance, business banking, and credit access without traditional banking barriers.
Use cases
MSME Payment Acceptance
Warungs and small retailers use Fazz to accept e-wallet, bank transfer, and credit card payments through a single platform, reducing fragmentation and settlement times.
Invoice Financing for Cashflow
SMEs use Fazz's invoice financing and instant settlement capabilities to improve working capital, addressing the $300B funding gap without traditional loan processes.
Business Banking & Corporate Cards
Mid-market companies use Fazz as a neobank alternative, accessing business cash accounts with 4% interest and corporate cards, plus integrated expense management and inventory tools.
Alternatives
Xendit
Choose Xendit for payment gateway and marketplace focus; choose Fazz for comprehensive business banking and lending integrated with payments.
Alterra
Choose Alterra for bill payment-specific solutions; choose Fazz for broader business banking and MSME credit access.
FAQ
What does Fazz do? +
Fazz is a B2B neobank providing payment acceptance, business banking, corporate cards, lending, and business tools for companies across Southeast Asia. It enables businesses to collect payments across multiple methods, maintain cash accounts, and access credit facilities through a unified platform.
How much does Fazz cost? +
Fazz advertises competitive rates with IDR 1,000 fees for bank transfers and claims the 'friendliest rates in the market.' Enterprise pricing and full feature costs are not publicly available; contact sales for detailed pricing.
What are alternatives to Fazz? +
Xendit specializes in payment gateways and marketplace financing; Alterra focuses on bill payment technology. Regional competitors include other payment processors and neobanks, though Fazz differentiates with integrated lending and MSME focus.
Who uses Fazz? +
Fazz serves MSMEs, warungs, startups, and mid-market to enterprise companies across Southeast Asia. It processes $6B+ in annualized GTV and has disbursed $600M+ through lending products targeting underserved SMEs.
How does Fazz compare to Xendit? +
Both are Southeast Asian fintech platforms, but Fazz offers comprehensive business banking, lending, and cash management alongside payments, while Xendit focuses more narrowly on payment gateways and marketplace tools. Fazz targets SME banking gaps; Xendit emphasizes transaction processing infrastructure.
Tags
neobank
payments
MSME lending
Southeast Asia
business banking
payment gateway
invoice financing