About Fazz
Fazz is a company based in Jakarta (Indonesia) founded in 2016 by Jefriyanto.. Fazz has raised $154.87 million across 6 funding rounds from investors including Lendable, Vertex Ventures SG and MUFG Campus. Fazz offers products and services including Fazz Agen, Transfer Service, and Top Up Service. Fazz operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter Jakarta, Indonesia
- Founders Jefriyanto
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fazz, Inc.
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Annual Revenue
$131.3 (USD)0as on Jun 30, 2023
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Net Profit
$-12.04 (USD)0as on Jun 30, 2023
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EBITDA
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Total Equity Funding
$154.87 M (USD)
in 6 rounds
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Latest Funding Round
$5.3 M (USD), Series C
Mar 02, 2023
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Investors
Lendable
& 18 more
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Employee Count
Employee Count
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Products & Services of Fazz
Fazz offers a comprehensive portfolio of products and services, including Fazz Agen, Transfer Service, and Top Up Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for agents to manage transfers and top-ups
Enables money transfers and bill payments for users
Facilitates prepaid top-ups and withdrawals
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Funding Insights of Fazz
Fazz has successfully raised a total of $154.87M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $5.3 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $5.3M
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First Round
First Round
(06 Sep 2017)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series C - Fazz | Valuation | MUFG |
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| Sep, 2022 | Amount | Series C - Fazz | Valuation |
investors |
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| Sep, 2022 | Amount | Debt – Conventional - Fazz | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fazz
Fazz has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lendable, Vertex Ventures SG and MUFG Campus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Venture capital services and app-based platform requiring JavaScript.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fazz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fazz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fazz Comparisons
Competitors of Fazz
Fazz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and Xero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fazz
Frequently Asked Questions about Fazz
When was Fazz founded?
Fazz was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Fazz located?
Fazz is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is Fazz a funded company?
Fazz is a funded company, having raised a total of $154.87M across 6 funding rounds to date. The company's 1st funding round was a Series C of $75M, raised on Sep 06, 2017.
What is the annual revenue of Fazz?
Annual revenue of Fazz is $131.3 as on Jun 30, 2023.
What does Fazz do?
Fazz was founded in 2016 in Jakarta, Indonesia, as a provider of SaaS-based tools for accounting and finance management. Operations focus on services such as bill payments, money transfers, inventory tracking, loans, and card issuance. The company serves the fintech sector, supporting businesses with streamlined financial processes across Southeast Asia.
What products or services does Fazz offer?
Fazz offers Fazz Agen, Transfer Service, and Top Up Service.
Who are Fazz's investors?
Fazz has 19 investors. Key investors include Lendable, Vertex Ventures SG, MUFG Campus, Tiger Global, and DST Global Partners.
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