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
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
05/19/22, 1:00 PM
Location
jakartaMoney raised
$300 million
Round Type
series d
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 Info
Location
jakarta, dki jakarta, indonesia
Additional Info
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.