FAZZ YC Application

Summer 2017Active

FAZZ went through Y Combinator in the Summer 2017 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2017
Industry: Fintech
Team size: 500
Status: Active
Launched: 2017

Founders

Hendra KwikFounder/Product Manager
JefriyantoFounder
Ricky WinataFounder

What FAZZ does

FAZZ is the leading all-in-one finance platform for businesses in Indonesia and Singapore. We are a b2b neobank with payment acceptance capabilities. The company is the market leader among underbanked segments such as warungs / startups and is building a super-app to serve mid-market and enterprise clients. Core features are: * Accept payments (e-wallet, bank transfer, credit card) * Business Cash Account (earn 4% interest) * Transfer / Pay (payment API's, corporate card, invoice processing via software) * Lending (instant settlement, invoice financing) * Value-add SaaS (inventory management, expense management) FAZZ processes more than $6 bn of annualized GTV for companies of all sizes (from warungs to fortune 500s) and has achieved $25 mm of annualized Revenue. The company has raised over $74 mm USD from top tier global investors such as Tiger Global, DST, Y Combinator, B Capital Group, and Insignia Ventures. The founders are ex Amazon, Grab, Quora, and Traveloka.

FAZZ's YC application, reconstructed

Y Combinator application

FAZZ, Summer 2017 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

FAZZ

Describe what your company does in 50 characters or less.

All-in-one Finance for Every Southeast Asia Business

What is your company going to make? Please describe your product and what it does or will do.

We built a B2B neobank focused on underbanked businesses in Indonesia and Singapore. Our platform lets companies accept payments from e-wallets, bank transfers, and credit cards, manage business cash accounts with interest, and make transfers via APIs and corporate cards. We also offer invoice processing and quick lending like invoice financing with instant settlement. On top of that, we provide value-add SaaS features such as inventory and expense management to help businesses run smoothly.

Where do you live now, and where would the company be based after YC?

We live in Jakarta and after YC, the company will remain based in Jakarta, Indonesia.

Explain your decision regarding location.

Jakarta is the largest and most dynamic market for underbanked businesses in Southeast Asia, where we have deep expertise and direct access to our users. Staying in Jakarta keeps us close to our core customers and the complexities of local finance that we solve better than anyone else.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real FAZZ YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from FAZZ's public data (launch notes, founder backgrounds, product description). It shows how a company like FAZZ would present itself to YC, not the text they submitted.