ASEAN Fintech Group buys PH payments startup JazzyPay for $1.8m

Singapore-headquartered fintech venture firm ASEAN Fintech Group has acquired Philippines-based digital payments provider JazzyPay for $1.8 million.

This is a part of ASEAN Fintech Group’s plan to become a “regional omnichannel platform in the fintech space,” it said in a statement.

Founded in 2017 by Larry Gan, Lau Kin Wai, and Douglas Gan, ASEAN Fintech Group is a part of Australian Securities Exchange-listed FatFish, a venture builder focused on fintech and gaming sectors.

ASEAN Fintech Group, which is focused on payments, insurtech, and lending, said it has invested more than $10 million to date through mergers and acquisitions.

It plans to expand into Vietnam and Cambodia this year, it said, after entering Singapore, Malaysia, and Thailand with services like Malaysian buy-now-pay-later service PaySlowSlow and Malaysian online insurance marketplace Fatberry.

JazzyPay, founded in 2018 by Joshua Marindo and Kathleen Acosta-Marindo, said that its service allows businesses to accept cashless payments.

ASEAN Fintech Group said it will leverage of JazzyPay’s existing partnerships with national banks, e-wallets and payment processors and the company’s founders and key management executive will continue to run the company.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.