Indonesia-based payments startup Xendit now worth over $1 billion since launch in 2014

Xendit aims to become the Stripe of Southeast Asia and more.


Carl Adrian

15 Sep, 2021

Indonesia-based payments startup Xendit now worth over $1 billion since launch in 2014 | BEAMSTART News

- From our Sponsors -

Xendit, an Indonesia-based payments company aiming to become the "Stripe of Southeast Asia", has now become the next unicorn in the region.

The company is now valued at over $1 billion with the close of its most recent funding round.

Key Highlights

  • Xendit has raised $150 million in a Series-C funding round, bringing the company's valuation to over $1 billion.
  • The funding round was led by Tiger Global Management, with the participation of returning investors Accel, Amasia, and Goat Capital.
  • The fresh funds will be used to expand the company's offerings across Southeast Asia.
  • Xendit is also the first startup from Indonesia to make it into Y Combinator's accelerator program.

Why It Matters

  • Xendit is currently one of the market leaders for payments in both Indonesia and Philippines.
  • To date, the company has raised a total of $238 million in funding, with its most recent round being just 6 months ago at $64.6 million.
  • Xendit has experienced over 200% year-over-year increase in total payments volume (TPV), processing over $9 billion per annum.

- From our Sponsors -

Latest Jobs

Software Engineer, Product

CodeCrafters

Full Time

USD 1800000 — USD 3600000 yearly

Software Engineer, Developer Productivity

Whatnot

California,

Full Time

USD 185000 — USD 245000 yearly

Backend Engineer (Remote)

Fathom

Full Time

USD 150000 — USD 200000 yearly

Head of People

Stepful

New York,

Full Time

USD 160000 — USD 180000 yearly

Developer Experience Engineer

Recall.ai

California,

Full Time

USD 150000 — USD 180000 yearly

UI Engineer

Netmaker

Full Time

USD 25000 — USD 50000 yearly

Software Engineer (Backend)

Paces

New York,

Full Time

USD 150000 — USD 200000 yearly

LLM Engineer

Spellbrush

California,

Full Time

Salary Undisclosed

Founders Office (CEO's Office) - Product Manager

Explorex

Karnataka,

Full Time

USD 1200000 — USD 1500000 yearly

Senior Frontend Engineer

PermitFlow

New York,

Full Time

USD 150000 — USD 240000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).