Xfers

Xfers, established in 2015 and part of the Y Combinator Summer 2015 batch, is a fintech company that has evolved into Fazz Business. Based in Singapore, the company serves regions across Southeast Asia, including Singapore. Xfers offers a comprehensive range of financial services tailored for micro and small enterprises (MSMEs), which includes interbank transfers, bill payments, e-money services, and phone credit top-ups, specifically designed for the underbanked population. The company also provides a neobank for businesses, a payments infrastructure for digital assets, and business accounts that feature payment and receiving services, earning opportunities, as well as cards and loans. Additionally, Xfers offers API integrations and solutions like credit card processing and Internet banking transfers. The company aims to unify banking networks across Southeast Asia and has been featured on TechCrunch and coined as the ‘Paypal of Southeast Asia’ by Channel News Asia. Xfers’ investor portfolio includes notable names such as Quest Ventures, 500 Startups, Golden Gate Ventures, and angel investors like Eduardo Saverin. The company announced its first round of seed funding in 2016 and has since been acquired, marking a significant milestone in its journey.