Xendit

Payments company focused on Indonesia, the Philippines, and Southeast Asia.

About

Founded

2014

Headquarters

Jakarta Selatan, DKI Jakarta

Industry

Fintech

Company Description

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 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. 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.

Quick Links

WebsiteJobs

Funding

Total Raised

$543.7 million

Valuation

$2.7 billion+

Significant Investors

Goat Capital, Accel, Tiger Global Management, Kleiner Perkins, EV Growth, Amasia, Intudo, Y Combinator

Company Traction

  • As of May 2022, Xendit has 3,000+ customers, including Samsung Indonesia, Travelio, Lazada, Wawa Games, Pasarpolis, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo, and Shopback.
  • From May 2021 to May 2022, Xendit reported 3x annualized transactions from $65 million to $200 million and an increased total payments value from $6.5 billion to $15 billion.
  • As of May 2022, Xendit has increased sales by 10% MoM since its inception in 2016.

Leadership Team

  • Moses Lo: Co-Founder & CEO of Xendit. Former Retail Leadership Development at Amazon.
  • Bo Chen: Co-Founder of Xendit. Former Software Engineer at Ripple Labs.
  • Tessa Wij: Co-Founder & COO of Xendit. Former Associate at Mizuho Asia Partners.  
  • Axel Regnström: Head of Business Operations at Xendit. Former Co-Founder & COO of Betravelo.
  • Yang Yang Zhang: Managing Director, Regional Expansion at Xendit. Former Founder of PDAX.