Xendit
Payment infrastructure API for Southeast Asia
Financial Services
📍 Jakarta
Founded 2015
Current Valuation
$2.7B
as of 2022-Q2
UNICORN
Xendit is a Jakarta-based payment infrastructure company providing payment gateway, disbursements, and risk APIs across Southeast Asia, with primary operations in Indonesia and the Philippines. Founded in 2015 by Moses Lo and Tessa Wijaya and backed by Y Combinator, the company raised $300M in Series D funding in May 2022 led by Coatue at a $2.7B valuation, becoming one of SEA's fintech unicorns. It reached approximately $97M ARR by 2024.
Company Profile
Growth
$97.2M ARR 2024; Indonesia's second most well-funded fintech
Last Round
Series D — $300M (May 2022) · Lead: Coatue Management
Founders & Key People
Moses LoTessa WijayaBo ChenJuan Gonzalez
Investors
Coatue Management · Tiger Global · Insight Partners · Accel · Amasia · Goat Capital · Kleiner Perkins · Y Combinator
Products
- Xendit payment gateway
- Cards and bank transfer rails
- QRIS Indonesia integration
- Disbursements API
- Recurring billing platform
- Xenshield risk engine
Competitors
Stripe · Adyen · Midtrans · DOKU · PayMongo · GCash
PaymentsFintechSoutheast AsiaPayment gatewayAPI infrastructureIndonesiaPhilippines
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q2. Refreshed quarterly.