Xendit
Founded Year
2014Stage
Option/Warrant - II | AliveTotal Raised
$515.01MLast Raised
$16.2M | 8 mos agoAbout Xendit
Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines, and across Southeast Asia, from SMBs and e-commerce startups to large enterprises. Xendit enables businesses to accept payments, disburse payroll, run marketplaces, and more on an easy integration platform. Xendit also enables more businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments. The company was founded in 2014 and is based in Jakarta, Indonesia.
ESPs containing Xendit
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
Payment APIs & infrastructure companies enable businesses to seamlessly manage payments. APIs provide direct connections to payments infrastructure to power faster, more secure, and lower-cost transaction processing.
Xendit named as Challenger among 15 other companies, including Stripe, Plaid, and Checkout.com.
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Xendit's Products & Differentiators
xenplatform
A solution for marketplaces and platforms, where customers can manage payments for sub-merchants, franchises or different branches. The feature allows Platform businesses to more simply monetize when offering payments. Merchants can charge a flat or percentage fee that will be automatically transferred to their platform account when payment has settled. Xendit is the first company in Indonesia to provide this feature, enabling marketplaces and platforms to launch and scale very quickly. For example, Xendit’s customer launch for xenplatform saw 100,000 sub-merchants in one weekend.
Research containing Xendit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Xendit in 4 CB Insights research briefs, most recently on Mar 14, 2023.
Mar 14, 2023 report
Retail Tech 100: The most promising retail tech startups of 2023
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022Expert Collections containing Xendit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Xendit is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,208 items
Payments
2,682 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
3,566 items
Fintech 250
499 items
250 of the top fintech companies transforming financial services
Retail Tech 100
100 items
The winners of the 2022 CB Insights Retail Tech 100, published March 2022.
Latest Xendit News
Feb 23, 2023
100 Soonicorns selects 24 Founders for its first 2 cohort February 23, 2023 Coined from the phrase “soon-to-be unicorns”, Soonicorns are startups with the growth potential to become Unicorns, ScaleUp Malaysia said in a statement on Thursday. To participate, invited startups need to have raised at least $1 million from a Venture Capital firm or institutional investor; or have generated $2 million in revenue over the last 12 months. “As a former startup founder and now partner at ScaleUp Malaysia, I understand the immense value of a strong support network and camaraderie in building a hyper growth company,” said Aaron Sarma, Co-Founder and General Partner at ScaleUp Malaysia. According to him, the 100Soonicorns program not only offers invaluable coaching and mentorship, but also creates a unique space for the selected Founders to connect and build relationships with each other. “This sense of community and shared experience will be a crucial factor in the success of the program and its participants, “I’m thrilled to be a part of a program that will help create the next generation of unicorns and further strengthen the bonds among the country’s thriving startup community,” he added. Proficeo Chief Evangelist Sivapalan Vivekarajah said that the 24 Founders have had some really engaging discussions where they shared their own experience and challenges regarding the myriad of issues that they face as they grow their companies from the early stage to Series A stage and beyond. “The program also enables them to engage with other successful Unicorn Founders like Moses Lo the CEO of Xendit who had a session with them to share how he built Xendit into a unicorn, how he raised all his funding from the United States and why he believes Southeast Asia is the next great destination for investors,” he shared. According to the statement, the participants will be engaging with global unicorn founders, venture capitalists, experts from areas that are particularly challenging for founders like talent acquisition and management and will also explore new areas like Artificial Intelligence. All these conversations and discussions offer a unique learning platform between successful Founders and experts. Cohort 3 is now open for applications. Those interested can find more information and the application form here. The participating Founders of the first 2 cohorts are: 1 Amanda Chin, CEO, Ablr Malaysia 2 Sharma Lachu, CEO & Founder, Accendo Technologies Sdn Bhd 3 Ramachandran Muniandy, CEO & Co-Founder, Asia Mobility Technologies Sdn Bhd 4 Giden Lim, CEO & Co-Founder, BLOOMTHIS Flora Sdn Bhd 5 Benjamin Croc, CEO, Briohr Sdn Bhd 6 Ang Xing Xian, CEO, CapBay 7 Sharala Devi Balakrishnan, CEO, Center of Applied Data Science (CADS) 8 Kuna Kathigesan, Group CEO, Commerce DotAsia Ventures Sdn Bhd 9 Lee William, MD, Easybook (M) Sdn Bhd 10 Clarence Leong, CEO & Founder, EasyParcel Sdn Bhd 11 Suthan Mookaiah, CEO, GASSTN Sdn Bhd 12 Muhamad Nasir Habizar, CEO & Founder, Govicle Sdn Bhd 13 Effon Khoo, CEO & Founder, Kakitangan.com 14 Nadira Yusof, CEO & Founder, Kiddocare Sdn Bhd 15 Tunku Danny Nasaifuddin Mudzaffar, CEO & Founder, Microleap PLT 16 Azran Osman Rani, CEO, Naluri Hidup Sdn BHd 17 Swee Wai Hoow, CEO, Newswav Sdn Bhd 18 Keong Chun Chieh, CEO, Ominent Sdn Bhd 19 Dr. Kev Lim, CEO, Qmed Asia (QueueMed Healthtech Sdn Bhd) 20 Melvin Chee, CEO, RPG Commerce Sdn Bhd 21 Parthiven Shanmugan, CEO, TixCarte Sdn Bhd 22 Kendrick Tan, COO & Co-Founder, Virtualtech Frontier Sdn Bhd 23 Ooi Boon Sheng, CEO, Web Bytes Sdn Bhd 24 Low Ziwei, Director & Co-Founder, Zcova Sdn Bhd
Xendit Frequently Asked Questions (FAQ)
When was Xendit founded?
Xendit was founded in 2014.
Where is Xendit's headquarters?
Xendit's headquarters is located at Jl. Sultan Hasanudin No.47, Jakarta.
What is Xendit's latest funding round?
Xendit's latest funding round is Option/Warrant - II.
How much did Xendit raise?
Xendit raised a total of $515.01M.
Who are the investors of Xendit?
Investors of Xendit include Accel, Goat Capital, Tiger Global Management, Amasia, Intudo Ventures and 11 more.
Who are Xendit's competitors?
Competitors of Xendit include PayMongo and 4 more.
What products does Xendit offer?
Xendit's products include xenplatform and 4 more.
Who are Xendit's customers?
Customers of Xendit include Papaya Tree Farms, KESAN and IndonesiaPastiBisa.
Compare Xendit to Competitors
Voyager Innovations is a technology company in the Philippines focused on customer-centric emerging market platforms for digital and financial inclusion. PayMaya, the fintech arm of Voyager, is an end-to-end digital payments ecosystem enabler, with platforms and services that cut across consumers, merchants, communities, and government. The company was founded in 2013 and is based in Manila, Philippines.
PayMongo is a financial technology company that allows businesses in the Philippines to accept payments of all types in a matter of minutes.
G-Xchange, a subsidiary within the Globe Fintech Innovations, is a licensed remittance agent and E-Money Issuer based out of the Philippines. With its product, GCash, a form of electronic money, consumers are able to conveniently send and receive cash, as well as make payments electronically.
Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creator economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.
Mswipe provides point-of-sale (POS) solutions for all types of payment acceptance. Its solutions include cards, wallets, mobile payment applications, and quick response (QR) payments. The company was founded in 2011 and is based in Mumbai, India.
EBANX is an integrated financial services company that offers cross-border payment processing across Latin America. From local fund-collecting, customer support, and KYC to remittance services, Forex solutions, and international settlements, its comprehensive business model allows the company to rapidly expand market share in Brazil and Latin America.
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