Xendit Raises US$64.6 Million Series B Led by Accel to Scale Its Digital Payments Infrastructure Ushering in a New Era of Economic Security and Reliability in Southeast Asia
Amount Raised
$64 Million
Round Type
Series B
Description
Xendit, the fastest growing digital payments infrastructure for Southeast Asia, announces it has raised US$64.6 million in a Series B round led by Accel to deliver more secure and reliable economic success in the region. Altogether, the company has raised $88 million in funding. Amid Southeast Asia’s rapid digital transformation, Xendit is quickly bolstering businesses of all sizes, processing more than 65 million transactions with US$6.5 billion in payment value annually.
Quick answer
Xendit raised $64 Million in a Series B round, dated March 2, 2021. Xendit is based in Jakarta, DKI Jakarta, Indonesia.
- How much did Xendit raise?
- Xendit raised $64 Million in a Series B round on March 2, 2021.
- What does Xendit do?
- 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..
- Where is Xendit based and how big is it?
- Xendit is based in Jakarta, DKI Jakarta, Indonesia. Fundz records about 800 employees.
- Who are the decision-makers at Xendit?
- Fundz holds 1 contact at Xendit. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Xendit that raised within 45 days of this round, from Fundz verified event records.
- RAMP raised $66M on April 9, 2021.
- Flutterwave raised $170M on March 12, 2021.
- BharatPe raised $108M (Funding Round) on February 23, 2021.
- Voya Investment Management raised an undisclosed amount on February 12, 2021.
- Cashfree, Inc. raised $35M on April 14, 2021.
- Fold raised $17M on April 7, 2021.
Who to call at Xendit, and when
A new round usually means Xendit is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Xendit raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Xendit, from your own LinkedIn network
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Funding Insights
What this usually meansXendit raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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