Xendit
Founded Year
2014Stage
Option/Warrant - II | AliveTotal Raised
$515.01MLast Raised
$16.2M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-27 points in the past 30 days
About Xendit
Xendit is a financial technology company specializing in payment solutions within the fintech sector. The company offers a range of services including a payment gateway that enables businesses to accept various payment methods, disburse funds through automated and on-demand systems, and manage operations with tools for marketplaces, financing, and mobile applications. It was founded in 2014 and is based in South Jakarta, Indonesia.
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Xendit's Products & Differentiators
xenplatform
A solution for marketplaces and platforms, where customers can manage payments for sub-merchants, franchises or different branches. The feature allows Platform businesses to more simply monetize when offering payments. Merchants can charge a flat or percentage fee that will be automatically transferred to their platform account when payment has settled. Xendit is the first company in Indonesia to provide this feature, enabling marketplaces and platforms to launch and scale very quickly. For example, Xendit’s customer launch for xenplatform saw 100,000 sub-merchants in one weekend.
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Research containing Xendit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Xendit in 4 CB Insights research briefs, most recently on Mar 14, 2023.
Mar 14, 2023 report
Retail Tech 100: The most promising retail tech startups of 2023
Mar 15, 2022 report
The Retail Tech 100: The top retail tech companies of 2022Expert Collections containing Xendit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Xendit is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Payments
3,034 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,413 items
Excludes US-based companies
Fintech 100
499 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Retail Tech 100
100 items
The most promising B2B tech startups transforming the retail industry.
Latest Xendit News
Oct 16, 2024
GCash enables affordable and easy remittances for Filipinos through Xendit partnership (L-R) GCash International head of sales and APAC Paolo Real, general manager Paul Albano, Xendit co-founder and chief technology officer and country general manager Christian Reyes GCash, the Philippines’ leading finance super app and largest cashless ecosystem, recently launched its strategic partnership with Xendit, a leading payment gateway in the Asia Pacific region—a collaboration that is expected to streamline cross-border remittances, making it easier and more convenient for Overseas Filipinos to send money home. Xendit’s extensive payment infrastructure is designed to enable key remittance players in the APAC region to facilitate transactions to GCash users whether they are in the Philippines via international remittance or overseas, in the 16 markets where GCash is currently live for international mobile numbers. “Our partnership with GCash is a significant milestone in our mission to transform digital payments and drive financial inclusion across the APAC region,” says Christian Reyes, country general manager of Xendit Philippines. “By leveraging Xendit’s robust payment infrastructure, we’re enabling seamless and secure remittance transactions for GCash users, both domestically and internationally. This collaboration not only enhances cross-border remittances for millions of Filipinos but also strengthens our position as leaders in the fintech ecosystem, fostering greater financial inclusion and expanding our reach in the region.” With this partnership, Filipinos can expect to enjoy faster and more efficient remittances. Users can now send money to GCash accounts with minimal processing time and fees. The partnership also leverages the widespread reach of both Xendit and GCash, making it easier and more convenient for users to send and receive money. Moreover, by providing a more accessible and affordable remittance solution, the partnership contributes to the country’s financial inclusion journey and the economic empowerment of Filipinos. “At GCash, we prioritize finance for all Filipinos whether they are in the Philippines or abroad,” says Paul Albano, GCash International general manager. “With our partnership with Xendit, and our robust ecosystem of financial products embedded in our app,we make it easier for Filipinos to remit and connect back home.”
Xendit Frequently Asked Questions (FAQ)
When was Xendit founded?
Xendit was founded in 2014.
Where is Xendit's headquarters?
Xendit's headquarters is located at Jalan Sultan Hasanudin No.47, South Jakarta.
What is Xendit's latest funding round?
Xendit's latest funding round is Option/Warrant - II.
How much did Xendit raise?
Xendit raised a total of $515.01M.
Who are the investors of Xendit?
Investors of Xendit include Accel, Tiger Global Management, Amasia, Goat Capital, Kleiner Perkins and 13 more.
Who are Xendit's competitors?
Competitors of Xendit include LinkAja, Maya Bank, Shinhan Indonesia Bank, Red Dot Payment, PayMongo and 7 more.
What products does Xendit offer?
Xendit's products include xenplatform and 4 more.
Who are Xendit's customers?
Customers of Xendit include Papaya Tree Farms, KESAN and IndonesiaPastiBisa.
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Compare Xendit to Competitors
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