Xendit is an Indonesian payment service provider, mainly providing digital payment infrastructure services for corporate customers in Southeast Asia such as Indonesia and the Philippines. Recently completed a new round of financing. This round of financing totaled $538 million, led by Coatue and Insight Partners, with participation from well-known investors and investors such as Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. Part of the funds raised in this round of financing will be used to expand into emerging markets such as Thailand, Malaysia and Vietnam. The company also plans to expand its value-added service business beyond payments, such as working capital loans.
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