Fazz Business is a Singapore-based payment processing gateway offering credit card processing and Internet banking transfers. As a graduate of Y Combinator’s Summer 2015 Class, Fazz Business aims to unify banking networks across Southeast Asia. Featured on Techcrunch and coined as the Paypal of Southeast Asia by CNBC, we simplify and redefine the process of collecting and receiving bank transfers and credit card payments in both Singapore and Indonesia.
Fazz Business payment gateway was built from humble origins. Founded in 2014, Fazz Business was created to solve a pain point - online payments via bank transfers were archaic and manual. Each bank transfer payment had to be manually verified via a screenshot-as-proof process. As such, the founding Fazz Business team focused on building a secure, payment technological solution to automate bank transfer payments.
In 2016, Fazz Business announced its first round of seed funding. Its investor portfolio includes venture capital firms such as Challenger, Quest Ventures, 500 Startups, Golden Gate Ventures and angel investors such as Eduardo Saverin.