BRI Ventures was part of a consortium that provided $53m for mobile wallet developer Payfazz, which also counts Telkom Indonesia as an investor.
Indonesia-based mobile wallet operator Payfazz received $53m yesterday in a series B round backed by BRI Ventures, the corporate venture capital arm of financial services firm Bank Rakyat Indonesia, DealStreetAsia reported.
Venture capital firm B Capital and VC fund Insignia Ventures Partners co-led the round, which included Tiger Global Management, Y Combinator, Quiet Capital and Ace & Company.
Payfazz has developed a cloud-based platform that enables users to deposit cash with a network of some 250,000 agents who typically…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
