Send some congratulations to Fazz! This fintech has just raised a $100M Series C to be the all-in-one business finance for all types of businesses in SEA.

• They saw $10B in annualized transaction volumes last year.
• Sounds familiar? You may know them by their old name, Fazz Financial.
  

Investor check. Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company, Ilham Ltd, EDBI, InterVest.

• 👼🏻: Michael Seibel (Managing Director, Y Combinator) and Hans Tung (Managing Partner, GGV Capital)
• The round includes $25M in debt from Lendable

🥅 The goal?

Fazz is here to do two things! One, close the $300M funding gap for MSMEs. And two, power them with access to the same tools large businesses use to grow — but made fit for them.

💸 Money movin'

Fazz has got a ton of products (and units) under their belt.

Fazz Agen. An agent-based financial app for micro and small businesses in Indonesia, which allows small businesses access to business tools and financial services.

• Oh, and agents earn extra income allowing their customers to pay bills, sell credit, transfer money and withdraw at their store — serving as a rural banking network without the banks.
  

Fazz Business. These are business accounts and tools for businesses from MSMEs and startups to large corporations build, run and grow their businesses.

Modal Rakyat. A P2P lending and borrowing service for MSMEs.

StraitsX. Payment infrastructure for businesses to accept crypto payments and send crypto payouts.

🔜 Up next

They'll be building their business accounts that allow businesses of all sizes to pay, save, and get credit quickly in SEA — whether you're a neighborhood shop or a Fortune 500.

• They're also looking to double their transaction values in the next 12 months.
• Get those resumes ready. They plan to expand their teams in Singapore, Indonesia, Malaysia, Vietnam and Taiwan from over 800 to 1,400.