Coatue and Insight Partners led a $300m Series D funding round in Xendit.

Coatue, an investment manager, and Insight Partners, a venture capital and private equity firm, led a $300m Series D funding round in Xendit, a payments infrastructure platform, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. “Payments are a crucial component for online businesses and we believe Xendit is capturing a formative opportunity in Southeast Asia. Xendit’s deep local expertise, modern tech stack and customer-centric approach has created a digital payments platform that is helping transform how Southeast Asian businesses transact. Coatue is delighted to partner with the Xendit team for the next phase of their journey,” Luca Schmid, Coatue General Partner.