.
MergerLinks Header Logo

New Deal


Announced

Completed

Tiger Global led a $150m Series C funding round in Xendit.

Financials

Edit Data
Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Venture Capital

Indonesia

Completed

Private

Friendly

Minority

payment platforms

Payments / Commerce

Acquisition

Cross Border

Synopsis

Edit

Tiger Global led a $150m Series C funding round in Xendit, a developer of a payment gateway platform. Additional investors include Accel, Amasia, and Goat Capital. “We’re seeing an incredible shift to digital first. Whether the business is a small Instagram shop or Southeast Asia’s largest enterprises, it’s now clear that businesses need to have a digital presence. Xendit’s digital payments infrastructure enables the region’s new class of entrepreneurs to start and scale their payments faster, and supercharges larger companies with modern, world-class financial services. What AWS has done for Compute, Xendit is doing for payments," Moses Lo, Xendit Co-Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US