Indonesia's Fazz looks to triple users on digital pay platform

CEO Hendra Kwik says limited access to capital hinders business growth

Fazz CEO Hendra Kwik sees "a huge funding gap" separating the needs of small and midsized businesses and what banks can provide. (Photo by Nana Shibata)

NANA SHIBATA, Nikkei staff writer

October 24, 2022 16:56 JST

JAKARTA -- Digital payment startup Fazz aims to triple the number of businesses using its platform annually in Indonesia and Singapore, the company's CEO told Nikkei Asia.

Fazz, previously known as Fazz Financial Group, offers integrated services including payments, savings and credit to improve management for the region's small and midsized businesses, including Indonesia's small, daily goods shops known locally as warung.