Xendit Raises US$64.6M in Series B Funding


Xendit, a Jakarta, Indonesia-based digital payments infrastructure for Southeast Asia, raised US$64.6m in Series B funding.

The round, which has raised $88m in funding, was led by Accel with participation from YCombinator.

The company intends to use the funds to scale its digital payments infrastructure across Southeast Asia.

Led by Moses Lo, CEO and by Tessa Wijaya, COO, 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 SMBs and e-commerce startups to large enterprises. Xendit enables businesses to accept payments, disburse payroll, run marketplaces and more, and can be integrated with and supported by 24/7 customer service. It enables businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments.