About Xendit
Xendit is a company based in Jakarta (Indonesia) founded in 2015 by Tessa Wijaya, Juan Gonzalez, Bo Chen, and Moses Lo.. Xendit has raised $532.72 million across 8 funding rounds from investors including Kleiner Perkins, Accel and Coatue. Xendit operates in a competitive market with competitors including Stripe, Flutterwave, PayU, ACI Worldwide and FOMO Pay, among others.
- Headquarter Jakarta, Indonesia
- Founders Tessa Wijaya, Juan Gonzalez, Bo Chen, Moses Lo
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$532.72 M (USD)
in 8 rounds
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Latest Funding Round
$16.2 M (USD), Series D
Sep 07, 2022
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Investors
Kleiner Perkins
& 10 more
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Employee Count
Employee Count
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Funding Insights of Xendit
Xendit has successfully raised a total of $532.72M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $16.2 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $16.2M
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First Round
First Round
(31 Aug 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - Xendit | Valuation |
investors |
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| May, 2022 | Amount | Series D - Xendit | Valuation | Coatue , Insight Partners | |
| Sep, 2021 | Amount | Series C - Xendit | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Xendit
Xendit has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include Kleiner Perkins, Accel and Coatue. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xendit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Xendit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xendit Comparisons
Competitors of Xendit
Xendit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Flutterwave, PayU, ACI Worldwide and FOMO Pay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Diversified payment processing solutions are provided to merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xendit
Frequently Asked Questions about Xendit
When was Xendit founded?
Xendit was founded in 2015.
Where is Xendit located?
Xendit is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Xendit?
Moses Lo is the current CEO of Xendit. They have also founded this company.
Is Xendit a funded company?
Xendit is a funded company, having raised a total of $532.72M across 8 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Aug 31, 2015.
What does Xendit do?
Xendit was founded in 2015 in Jakarta, Indonesia, as a fintech platform focused on online payments and money transfers. Services are provided to commerce startups and large enterprises, allowing payments to be accepted through direct debit, virtual accounts, cards, e-wallets, retail outlets, and installments. Payroll disbursements and marketplace operations are also supported. The application is accessible on Android and iOS devices across Southeast Asia.
Who are the top competitors of Xendit?
Xendit's top competitors include Stripe, PayU and Flutterwave.
Who are Xendit's investors?
Xendit has 11 investors. Key investors include Kleiner Perkins, Accel, Coatue, Insight Partners, and Tiger Global.
What is Xendit's valuation?
The valuation of Xendit is $1B as of Sep 2021.
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