Digital payment infrastructure provider Xendit has earned $ 150 million in Series C and promoted the company to a short list of Southeast Asian unicorns.
From small kiosks (Warung) to large players such as SMB, Transferwise and Grab, companies use Indonesia-based Xendit’s API-based technology to process payments, operate marketplaces, pay payroll, and more. We are detecting fraud.
The company says it processes more than 65 million transactions with annual payments of US $ 6.5 billion and plans to use new funds to expand its operations primarily in Indonesia and the Philippines. is.
Moses Lo, co-founder and CEO of Xendit, said: Take advantage of modern world-class financial services. What AWS did for Compute, Xendit does for payments. “
The new funding will take place just six months after raising $ 64.6 million in Accel-led Series B funding.
The latest round was led by Tiger Global Management with the participation of existing investors Accel, Amasia, and Justin Kan’s Goat Capital.
Indonesia’s Xendit becomes Southeast Asia’s latest Unicon
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