# Hendra Kwik

> Hendra Kwik is the Jakarta-based co-founder and Group CEO of Fazz. Raised in Jambi and trained in chemical engineering at Institut Teknologi Bandung, he co-founded Payfazz in 2016 with Ricky Winata and Jefriyanto. Its agent model brings financial services through neighborhood stores. Payfazz joined Y Combinator in 2017 and combined with Singapore’s Xfers in 2021, linking local distribution with payment infrastructure. Kwik’s public interviews emphasize financial access, local knowledge and developing leaders as the organization grows.

- **Role:** Co-founder and Group CEO at Fazz
- **Organizations:** Fazz, Payfazz, StraitsX, Xfers (combined with Payfazz in 2021), Kudo (former employer), Schlumberger / SLB (former employer)
- **From:** Jambi, Indonesia
- **Nationality:** Indonesian
- **Education:** Bachelor’s degree in Chemical Engineering, Institut Teknologi Bandung, Startup accelerator (not an academic degree), Y Combinator
- **Known for:** Co-founded Payfazz and developed its neighborhood-store agent distribution model., Led Payfazz through Y Combinator’s Summer 2017 program., Co-led the combination of Payfazz and Xfers into Fazz Financial Group.

## Career timeline

- **2012** — Graduated in chemical engineering from Institut Teknologi Bandung.
- **Before 2016** — Worked as a field engineer at Schlumberger, including work abroad; later led growth at Kudo. Public biographies differ on exact employment dates.
- **2016** — Co-founded Payfazz with Ricky Winata and Jefriyanto.
- **2017** — Payfazz participated in Y Combinator’s Summer 2017 batch.
- **2021** — Payfazz invested $30 million in Xfers as the businesses formed Fazz Financial Group.
- **2022** — Fazz announced a $100 million Series C financing package: $75 million equity and a term sheet for a $25 million debt facility.
- **2025** — Discussed integrating StraitsX payment infrastructure into financial apps for underserved users.

## Achievements

- Co-founded Payfazz and developed its neighborhood-store agent distribution model.
- Led Payfazz through Y Combinator’s Summer 2017 program.
- Co-led the combination of Payfazz and Xfers into Fazz Financial Group.
- Fazz announced $75 million in Series C equity financing in September 2022, alongside a debt facility term sheet.

## Latest updates

- **2026-01** — Shared a colleague’s LinkedIn post describing plans to bring Fazz applications and StraitsX infrastructure closer together; the post discusses plans, not verified completed launches.
- **2025-12** — A MUFG Innovation Partners interview discussed Fazz’s four-business structure and bank partnerships.
- **2025-07** — Appeared with Tianwei Liu on On Call with Insignia to discuss StraitsX, global distribution and payment infrastructure.

## Links

- Website: https://fazz.com
- LinkedIn: https://www.linkedin.com/in/hendra-kwik-9559612ba

---

Profile page: https://yespress.io/hendra-kwik
Published by YesPress — https://yespress.io
Last updated: 2026-10-07