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kindrik partners advises on seed funding round for fintech startup jazzypay

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Our Southeast Asia team have advised Philippines-based fintech company JazzyPay on its seed funding round led by early-stage venture capital firm Cocoon Capital.

JazzyPay allows its partners to accept payment via 27 payment methods, including credit and debit cards, online banking, e-wallets and over-the-counter deposits. The company was launched in 2018 and has been serving merchants that typically have only accepted cash and cheque payments, including organisations such as hospitals, schools, clinics and medical suppliers.

“In an emergency, the payment method should be the least of your worries,” JazzyPay Chief Operating Officer and co-founder Kathleen Acosta said.

The company intends to put the funding towards product development as well as expanding its network of partner merchants.

Senior solicitor Sarah Yen says of the deal, “It was a pleasure to help JazzyPay with their capital raise – they are solving a real need for Filipinos and we look forward to seeing their continued growth.”

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