AEI Legal advised the Xfers Group as part of the US$53 million Series B round for Payfazz Financial Group. Other investors included B Capital, Insignia Venture Partners, Tiger Global, Y Combinator, and Ace & Company.
Payfazz offers a portfolio of mobile services that make it easier for Indonesians, even in rural areas without banks, to handle routine financial tasks. Payfazz has reported 10 million monthly active users, and has been named one of Indonesia's top 10 fintechs.
Read more on Techcrunch:
https://techcrunch.com/2020/07/06/payfazz-gets-53-million-to-give-more-indonesians-access-to-financial-services
AEI lawyers Andrea Chee & Yuho Bong advised the Xfers Group.