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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

Mar 02, 2021

Amount Raised

$64 Million

Round Type

Series B

JakartaOtherSoftwareFinanceFintech

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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Company Information

Company

Xendit

Location

Jakarta, DKI Jakarta, Indonesia

About

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, on an easy integration platform supported by 24/7 customer service. Amidst the fragmented payment landscape in Southeast Asia, Xendit enables businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Xendit raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.