May 21

Indonesian FinTech Firm Xendit Raises $300 Million Series D funding co-led by Coatue and Insight Partners

Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.

Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, and Justin Kan’s Goat Capital, Xendit said in a statement.

Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines and across Southeast Asia, from small and midsize businesses (SMBs) and e-commerce startups to large enterprises.

Photo courtesy of Artistic Operations.

Source: TechNode Global (link opens in a new window)

Finance, Technology
financial inclusion, fintech