Tiger Global and DST Global have invested $21m in the mobile wallet developer, which already counted Telkom Indonesia unit MDI Ventures as investors.
Payfazz, an Indonesia-based mobile wallet developer backed by telecoms firm Telkom Indonesia, has raised more than $21m in funding from investors including hedge fund manager Tiger Global Management, DealStreetAsia has reported.
Founded in 2016, PayFazz has built a mobile wallet that enables citizens in Indonesia to conduct financial transactions such as making online payments, paying bills or topping up phone credit, without users requiring a bank account.
MDI Ventures, the corporate venturing arm of Telkom Indonesia, has confirmed it is…
