Xendit
Founded Year
2014Stage
Option/Warrant - II | AliveTotal Raised
$515.01MLast Raised
$16.2M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-20 points in the past 30 days
About Xendit
Xendit is a financial technology company that specializes 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 3 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
Expert 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
1,270 items
Payments
3,123 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
13,662 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
Jan 8, 2025
1 minute read GCash’s Enterprise Cluster Head Online Michael Baldos, Ezypay CEO James Foster, Amb. HK Yu, Xendit Philippines country general manager Christian Reyes, and ANZCHAM president BenjaminRomualdez THE Embassy of Australia has supported the pioneering partnership between GCash, Xendit and Ezypay: an award-winning Australian financial technology (fintech) company. The collaboration will enable GCash to support recurring payments for the first time that will enhance digital payment solutions for nationwide businesses. Ezypay’s membership in the Australia-New Zealand Chamber of Commerce (ANZCHAM) plays a pivotal role in fostering strong economic ties between Australia and the Philippines. The chamber facilitates such partnerships by providing a platform for networking and collaboration among businesses in both countries. Amb. HK Yu PSM, FCPA said Australia is helping advance fintech in the Philippines through strategic partnerships: “[Our] robust fintech ecosystem fosters innovation and collaboration, enabling Australian firms like Ezypay to develop solutions that support financial inclusion and economic growth.” According to the embassy, the partnership builds on the memorandum of understanding (MOU) signed between FinTech Alliance.ph and Austrade in November 2023. It aims to enhance fintech policy and regulation, promote knowledge sharing, improve access to capital opportunities, and address market barriers. The embassy anticipates that the collaboration between both countries will focus on leveraging the MOU to drive digital transformation and financial inclusion across the region. It will continue working with organizations like ANZCHAM to foster synergies and innovation. By sharing expertise and resources, both countries aim to create a more connected and prosperous future. The Australian government encourages fintech companies and stakeholders from both nations to “seize this moment to innovate and transform the financial landscape, paving the way for a brighter, more inclusive economic future for all.”
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, Coatue and 13 more.
Who are Xendit's competitors?
Competitors of Xendit include LinkAja, Maya, 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
Maya is a digital financial institution that offers a range of mobile financial services. The company provides an online payment account accessible through an app, which includes features such as virtual card activation, peer-to-peer transfers, bill payment, and cryptocurrency transactions. Maya Bank primarily serves individuals looking for convenient digital banking and payment solutions. It was formerly known as Voyager Innovations. It was founded in 2013 and is based in Mandaluyong City, Philippines.
Boost is a financial technology company that offers a spectrum of digital financial services across various sectors. The company provides an application for personal finance management, business financing, and enterprise payment solutions. Boost primarily serves the e-commerce industry and small and medium businesses and aims to expand its footprint in the digital banking sector. It was founded in 2017 and is based in Kuala Lumpur, Malaysia.
Stripe provides services for businesses to manage online and in-person payments. It offers products including payment processing application programming interfaces (APIs), payment tools, and solutions for handling subscriptions, invoicing, and financial reports. Stripe serves sectors such as e-commerce, Software as a Service (SaaS), platforms, marketplaces, and the creator economy. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
One4pay is a company specializing in payment gateway services within the financial technology sector. They provide a platform for secure online transactions and merchant services. The company primarily caters to businesses requiring digital payment solutions. It was founded in 2021 and is based in Riyadh, Saudi Arabia.
PayMongo is a financial technology company that specializes in online payment processing for businesses. The company provides a suite of tools that enable merchants to accept various payment methods, including e-wallets, credit cards, and buy now, pay later options, through customizable checkout experiences and integration APIs. PayMongo primarily serves businesses looking to streamline their payment systems and enhance their e-commerce capabilities. It was founded in 2019 and is based in Taguig City, Philippines.
EBANX specializes in cross-border payment solutions within the financial technology (fintech) industry, providing payment services for companies looking to operate in rising markets. The company offers a platform for processing online purchases, managing funds from pay-ins to payouts, and facilitating transactions in various currencies and payment methods, including alternative options. It serves e-commerce, gaming, and digital advertising sectors, helping businesses operate in Latin America, Africa, and India. It was founded in 2012 and is based in Curitiba, Brazil.
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