PAYFAZZ invests in Xfers to boost financial inclusion in Southeast Asia

Thursday 4 March 2021 13:46 CET | News

Indonesia-based fintech PAYFAZZ has invested USD 30 million in Xfers, a Singapore-based fintech providing financial access to businesses via its payment’s infrastructure across Southeast Asia.

Following this agreement, both companies will be part of Fazz Financial Group (FFG), to provide inclusion through financial services across Southeast Asia. Both companies will continue retaining their respective names whilst operating under this new financial entity.

With this investment, Xfers will serve as the designated B2B arm of FFG – focussed on connecting external merchants to the payment infrastructure and user network amassed by FFG as a group. 

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Keywords: fintech, cross-border payments, B2B payments, financial services, investment
Categories: Payments & Commerce | Payments General
Countries: Asia
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