Xendit

Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines and Southeast Asia, from SMEs and e-commerce startups to large enterprises.

Xendit helps businesses accept payments and send money - simply, at speed, with great customer service.

Xendit was founded in 2014 by Moses Lo, Bo Chen, and Tessa Wijaya. The company is headquartered in Jakarta Selatan, Jakarta, Indonesia.

 

Xendit enables businesses to accept payments, disburse payroll, run marketplaces and more. The platform is known for its speed (fast integration, builds), simplicity (easy integrations, pricing), and world-class 24/7 customer support.

 

Xendit is shaping the next generation of scalable businesses across Southeast Asia. Xendit is propelling the region's digital transformation by addressing access, reliability, and regulatory needs to enable more businesses to scale and thrive.

 

Xendit serves more than 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. The company is processing more than 200 million transactions with $15B billion in payment value annually.

 

Xendit is backed by Insight Partners, Accel, Tiger Global, Coatue, Kleiner Perkins, GGV, EV Growth, Amasia, YCombinator, Intudo, Goat Capital, and others. The company closed a $300M Series D round on May 19, 2022. This brings Xendit's total funding to $538M to date. Xendit was valued at a $1B from their Series C raised in Sep 2021. The company didn't disclosed its valuation for the latest Series D.

 

 

  • Year founded: 2014
  • Funding Info: $538M over 6 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $1B as of Sep 14, 2021
  • City/Town: Jakarta Selatan
  • State: Jakarta
  • Country: Indonesia
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