Hendra Kwik of Payfazz: Empowering the Unbanked in Indonesia

This episode is co-hosted by GGV Colleague Dimitra Taslim. It was recorded a while back, so we also caught up with Hendra for an covid update in the second part of the podcast.

Today on the show we have Hendra Kwik, Co-founder and CEO of Payfazz, a fintech platform that aims to build a network of distributed banking agents to enable a fully-digital mobile banking & payment solution for 440 million unbanked in Southeast Asia. Their network of agents acts as an intermediary between unbanked users and financial institutions and has served around 10 million people since its founding. The company, which has raised a total $21.3 million in funding, is the first Indonesian company to make it into the Y Combinator, a seed accelerator in the U.S.

Prior to starting Payfazz, Hendra worked for Schlumberger as a Wireline Field Engineer in Brazil for two years. He also spent 3 months traveling across the region to learn about the startup ecosystem across Latin America. He holds a bachelor degree of Chemical Engineering from Bandung Institute of Technology.

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