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Tiger Global and Accel back Indonesia's latest fintech unicorn Xendit thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Xendit Secures $150 Million Series C to Build Out Digital Payment Infrastructure Across Southeast Asia apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Xendit Aiming to be AWS for Payments Building payment infrastructure to serve Indonesia, the Philippines and Southeast Asia proved to be a challenge, but Xendit was up to the task, cofounders Tessa Wijaya and Moses Lo said. Mr. Lo, Xendit’s CEO, said the original idea was to create a consumers payments firm, but the existing infrastructure wasn’t up to the task, so they built the onboarding and disbursement systems themselves. A few months later he was meeting with an executive from another company who said if they would give him Xendit’s API the following Monday the company would deploy it. ....
Indonesian fintech startup Xendit bags $64.4m led by US VC firm Accel Photo by Jonas Leupe on Unsplash March 3, 2021 Indonesian digital payment platform Xendit has raised $64.6 million in its Series B round led by US venture capital firm Accel with participation from Y Combinator, according to an announcement. With the current round, Xendit’s total funding to date stands at $88 million. The corpus raised will help “scale our digital payments infrastructure quickly and provide millions of small and medium-sized businesses across Southeast Asia with an on-ramp to the digital economy,” said Xendit co-founder and CEO Moses Lo. Founded by Lo and Tessa Wijaya, Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in the Philippines, besides its home market, Indonesia. ....