Fazz Financial Group, the parent company of Indonesian fintech firm PAYFAZZ and Singapore-based payments infrastructure provider Xfers, received $7.3 million last week from investors, including EDBI, ACE & Company, and Michael Seibel.
The fundraising is part of the company’s ongoing Series C round, where it plans to issue up to 7.7 million Series C shares in two tranches to raise a minimum of $100 million. Fazz had secured $60 million as part of the round from investors, including Brunei Investment Agency, Tiger Global Management, Insignia Ventures Partners and B Capital, in June.
Fazz Financial was created in early 2021 after PAYFAZZ invested $30 million in Xfers, and the companies decided to join forces under a single holding entity.
Top shareholders in Fazz Financial
Singapore-headquartered agritech startup Nutrition Technologies has raised $9.8 million so far in a Series A2 funding round led by Thai state-owned oil and gas company PTT Public Company Limited. The round was joined by existing investors Openspace Ventures and Hera Capital.
Nutrition Technologies plans to use the capital to build an organic waste treatment plant in Nakhon Pathom Province in Thailand.
Other updates from DATA VANTAGE
Singapore-based digital wealth manager StashAway has raised nearly $12.7 million so far in a Series D+ funding round. The financing was backed by Hamilton Lane, Square Peg Capital and Sequoia Capital India, among other investors.
Crypto security solutions provider Safeheron bagged $2.5 million last week from investors, including Web3Vision, Antalpha Ventures, Waterdrip Capital and 7 O’Clock Capital. The funding is part of a $7 million pre-Series A funding round co-led by Yunqi Partners and Web3Vision.
VerifyVASP, which provides travel rule solutions for virtual asset service providers (VASPs), received $4.9 million last week from investors, including FTX Ventures and Peak Capital, as part of its Series A round. The startup is now valued at over $100 million.
Thailand-based automotive startup Autopair bagged $2 million last week from Japanese conglomerate Mitsubishi Corporation.
Smile API, an information infrastructure startup in the Philippines focused on employment and finance data, received $1.5 million from Afore Capital last week in seed funding.
Grab-and-go coffee chain Flash Coffee allotted shares worth nearly $80,600 to Vulpes Ventures as part of its Series B1 round.
Indonesian D2C eyewear brand Saturdays received $300,000 last week in Series A funding. It has so far received $5.3 million as part of the round from Altara Ventures, DSG Consumer Partners and other investors.
Health tech startup Diri Care received $50,000 from angel investor Henry Hendrawan last week. The investment is part of a $4.3 million seed round announced in August.