Announced
Completed
Financials
Sources
Tags
Private Equity
Venture Capital
Indonesia
Completed
Private
Friendly
Minority
payment platforms
Payments / Commerce
Acquisition
Cross Border
Synopsis
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.
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