Payfazz: Raises $53M In New Round
- Indonesian payment processor Payfazz has secured $53M in Series B funding
- In one, Indonesia-based travel and lifestyle platform Traveloka also partnered with Bank BRI on a credit card for Indonesia’s underbanked population
- In just the past few years, the percentage of adults with bank accounts increased dramatically
- About 93 percent of U.S. residents in the same age group have bank accounts
- They are the perfect profile to become our agents because they ubiquitously distributed and have high coverage in rural areas
- The Series A round totaled $21M and included some of the same investors who returned for the Series B funding announced Monday
