News Snapshot:
By Omar Faridi Indonesia-based Fintech firm PAYFAZZ has revealed that it invested $30 million in Xfers , a Singapore-headquartered business. The investment was made to establish a new financial entity, known as the Fazz Financial Group (FFG) . PAYFAZZ stated that the companies will be keeping their respective names while operating under the new financial entity. FFG will be responsible for overseeing their shared goal or mission of enabling financial inclusion via modern Fintech services across the Southeast Asia region. With this latest investment, Xfers will be serving as the business-to-business (B2B) division of FFG, which mainly focuses on connecting...
