Indonesia's Payfazz, Investree tap investments via holding company structure

When Indonesian fintech startup Payfazz announced its $30-million investment in Xfers to form a holding company Fazz Financial Group earlier this month, it likened the move to Google’s restructuring in 2015  and the formation of parent company Alphabet Inc.

FFG is seeking to emulate the way Alphabet has built a line-up of subsidiary firms offering myriad services, a Payfazz spokesperson told DealStreetAsia.

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