Tech

Indonesia’s Xendit becomes Southeast Asia’s latest Unicon

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

Source link Indonesia’s Xendit becomes Southeast Asia’s latest Unicon

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