Payfazz Adds "Alat Warung" Feature to Support SME Operational

Payfazz agency-based financial service startup introduced a new innovation on its platform, Alat Warung. This solution is designed for micro, small and medium businesses to monitor operational performance and plan business development.

In the Alat Warung menu, several features are available including Kasir for recording transactions, setting selling prices, and sales reports; Catat Hutang to manage debt as well as reminders for overdue bills; also Grosir Terdekat and Tawarkan Produk for goods stock or becoming a reseller. Currently, all features are available to all agents who have updated the application since July 2020.

The startup, which just announced its series B funding last July, also provides other financial services such as PPOB, fund transfers to banks, as well as product stock and resell for its agents. Currently, Payfazz has served more than 20 thousand stalls all over Indonesia.

Safina Saleh, as Payfazz Brand Manager in a press statement said, "In line with Payfazz's vision to develop MSMEs in Indonesia, starting with an agency platform for financial literacy, Payfazz is now innovating as a partner for MSME entrepreneurs in the trade sector in terms of business, operations, and marketing."

Targeting micro businesses

Previously, Payfazz was known to have launched a POS application called Sellfazz which has now changed its name to Post.app. Hendra Kwik as the Co-Founder and CEO of Payfazz said that Post.app will target middle to upper retailers more, while Payfazz alone will focus on micro businesses.

"The solutions we offer through Payfazz, including the Alat Warung menu, is merely targeting micro-businesses because they have different needs. We also have differentiation with integrated services provided on the Payfazz platform," Hendra said in a separate interview.

He also admitted that he would continue to consistently issue other innovations for micro, small and medium traders so that they could further develop with the help of technology created and developed by the nation's children.

Some startups have started to intensify this kind of services for small shops and businesses, such as BukuWarung, which recently also received seed funding, and there is also BukuKas.

–Original article is in Indonesian, translated by Kristin Siagian