# Xendit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xendit

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: www.xendit.co/
- Total disclosed funding: $515M
- Latest round: Series D (May 19, 2022)
- Investors on record: 11

## About

Based in Jakarta, Indonesia, and founded in 2015 by Moses Lo, Tessa Wijaya, Bo Chen, Juan Gonzalez, Xendit is a fintech company that focuses on building digital payments infrastructure. In October 2025, Xendit, a portfolio company with backing from multiple prominent venture capital firms, acquired PayEx Group. The financial terms of the deal were not disclosed. With the acquisition, Xendit will operate under Payex’s local licence and rebrand Payex as Xendit Malaysia.
PT Sinar Digital Terdepan offers businesses a payment solution and 24/7 customer service. The company’s system can accept payments from bank accounts, credit and debit cards, eWallets, retail outlets, and online installments. It provides checkout, risk management. automated payouts, on-demand payouts, refunds, platform payments, financing, and integrations.

PT Sinar Digital Terdepan generates revenue by charging the companies with credit/debit card payments ranging from 3.2% + Php 10 for local cards to services used by the customers like xenpayments, xeninvoice, xenshield, xendisburse, xenbatch, and xenpayout.

Following its acquisition of PayEx in October 2025, Xendit Malaysia has outlined ambitious growth plans to strengthen its regional presence. The company aims to expand its team to meet rising demand, forge strategic partnerships with local fintechs and businesses, and launch educational initiatives to support SME digital adoption. Additionally, it plans to enhance cross-border payment integration with Indonesia, the Philippines, and Thailand aligning with Malaysia’s MyDIGITAL strategy and Bank Negara Malaysia’s Financial Sector Blueprint to drive digital transformation across Southeast Asia.

## Funding rounds

- Series D, May 19, 2022, $300M — Accel, Kleiner Perkins, Insight Partners, Tiger Global Management, Coatue Management, East Ventures, Amasia, Intudo Ventures, Goat Capital
- Series C, Sep 14, 2021, $150M — Accel, Tiger Global Management, Amasia, Goat Capital
- Series B, Mar 2, 2021, $65M — Accel, Y Combinator
- Seed, Jun 1, 2016 — AC Ventures
- Seed, Jun 1, 2015 — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series D
- AC Ventures — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- Amasia (https://capitalatlas.ai/funds/amasia) — Series C, Series D
- Goat Capital (https://capitalatlas.ai/funds/goat-capital) — Series C, Series D
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D
- Intudo Ventures (https://capitalatlas.ai/funds/intudo-ventures) — Series D