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When I first met this company at YC in summer 2017, their users were still mostly their own friends and family. Three years later, 10 million people use them each month.https://www.techinasia.com/payfazz-series-b …
Like Airbnb, they got growth working during the batch. They grew 4x that summer. Here's the graph they presented at Demo Day. (They're pushing it a bit with the aspect ratio. Even VCs can tell landscape from portrait.)pic.twitter.com/JnHjYUYLIT
Cool!
Indo pride
Hendra is a machine @yinglantan
From the article: "According to a PricewaterhouseCoopers report in 2018, around 74% of middle- to low-income individuals and micro, small, and medium enterprises have no access to loans." I wonder if this is global or just in Indonesia.
Amazing that Neil Stephenson wrote about this business in Cryptonomicon 20 years ago
Are they turning warungs into micro-banks? If so, that's genius in Indonesia.
Yashh, in Indonesia well known as Laku Pandai
thanks for the chance in YC batch @paulg cc: @jefriyanto @rickyw1n
How many YC companies have raised or exited after their series A? I imagine it’s a big number!
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