Xendit Raises Us$300M Series D Funding Co-Led By Coatue And Insight Partners Powering Payments For Startups And Smes In Fastest-Growing Digital Economy

May 19, 2022•about 3 years ago

Amount Raised

$300 Million

Round Type

series d

Jakarta

Description

Xendit, one of the fastest-growing payments infrastructure platforms for Southeast Asia, announced today it closed US$300 million in Series D funding, taking the total amount raised to US$538 million to power the world’s fastest-growing digital economy. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, and Justin Kan’s Goat Capital.

Company Information

Company

Xendit

Location

Jakarta, DKI Jakarta, Indonesia

About

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 SMBs and e-commerce startups to large enterprises. Xendit enables businesses to accept payments, disburse payroll, run marketplaces and more, on an easy integration platform supported by 24/7 customer service. Amidst the fragmented payment landscape in Southeast Asia, Xendit enables businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments.

FundzWatch™ Score

Medium Activity

Buyer Intent Analysis

Get personalized insights on buying likelihood

Funding Insights

Based on industry data

Tech investment trends