About Xfers Founded in 2015, Singapore-based fintech Xfers aims to accelerate financial access within Southeast Asia by enabling businesses to accept payments and send money seamlessly. Xfers boasts a range of last-mile financial rails that enable businesses to accept payments and send payouts conveniently through the Xfers Business Account that provides API and Payment Link solutions covering a wide range of payment methods including PayNow, Bank Transfers (Singapore and Indonesia) as well as e-wallet and agent banking networks (Indonesia). To date, Xfers has processed an annual transaction volume of USD 2 billion on its payments platform. Xfers’ clientele includes eezee, Partipost, Flip, Mitra Bukalapak, Julo, RemitPro. Xfers is funded by leading investors notably Y Combinator, Tiger Global, B Capital, Quest Ventures, Golden Gate Ventures, Challenger, GMO Venture Partners, 500 Startups, Partech and Convergence Ventures. In March 2021, Xfers merged with Indonesia’s leading agent banking network, PAYFAZZ, to form a new entity - FAZZ Financial Group. As part of the merger, PAYFAZZ made a strategic investment of USD 30 million in Xfers. With this new merger, Xfers serves as the designated business-to-business arm of FAZZ Financial Group, with a focus on enabling market access in Southeast Asia through digital financial services. In Singapore, Xfers is a Major Payment Institution licensed by the Monetary Authority of Singapore for e-money issuance and is an approved holder of a Widely Accepted Stored Value Facility. In Indonesia, Xfers (PT Inklusi Keuangan) holds a Fund Transfer Operator license from Bank Indonesia. Xfers’ information security management system is ISO/IEC 27001:2013 certified. For more information, please visit https://xfers.com/