FAZZ Financial Group (FFG), the parent company of Indonesian fintech firm PAYFAZZ and Singapore-based payments infrastructure provider Xfers, has secured $60 million so far in an ongoing Series C funding round, according to regulatory filings.
The company plans to issue up to 7.7 million Series C shares in two tranches to raise a minimum of $100 million, its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) showed.