# Xendit

> Xendit is a Southeast Asian payments infrastructure company that lets businesses accept, process, and disburse money across Indonesia, the Philippines, Malaysia, and the wider region through a single API. Founded in 2015 and the first Indonesian company backed by Y Combinator, it handles virtual accounts, e-wallets, cards, QR codes, payouts, and fraud prevention for startups, marketplaces, and global enterprises expanding into the region.

- **Founded:** 2015
- **Headquarters:** Jakarta, Indonesia
- **Founders:** Moses Lo (Co-founder & CEO), Tessa Wijaya (Co-founder & COO), Bo Chen (Co-founder & CTO), Juan Gonzalez (Co-founder)
- **Team size:** ~800 employees
- **Products:** xenPayments, xenInvoice, xenPlatform, Disbursements / Payouts, xenShield
- **Notable:** First Indonesian company accepted into Y Combinator., Reached unicorn status (~$1B valuation) in September 2021., Raised a $300M Series D in 2022 co-led by Coatue and Insight Partners.

## Products & services

- **xenPayments** — Accept 100+ local and international payment methods including virtual accounts, e-wallets, cards, QR codes (QRIS), and online banking through a single integration.
- **xenInvoice** — Hosted checkout pages and payment links that let businesses get paid quickly with customizable, no-code invoicing and real-time payment status notifications.
- **xenPlatform** — Marketplace and platform payments with split payments, sub-account management, and money flow orchestration for multi-party transactions.
- **Disbursements / Payouts** — API-triggered and batch payouts to disburse funds, payroll, refunds, and loans to bank accounts and e-wallets across the region.
- **xenShield** — Automated fraud detection and identity verification to mitigate payment fraud and meet compliance requirements.

## Achievements

- First Indonesian company accepted into Y Combinator.
- Reached unicorn status (~$1B valuation) in September 2021.
- Raised a $300M Series D in 2022 co-led by Coatue and Insight Partners.
- Tripled annualized transactions from 65M to 200M and grew total payments value from $6.5B to $15B in a year.
- Expanded across Indonesia, Philippines, Malaysia, Thailand, Vietnam, Singapore and Hong Kong.
- Completed full acquisition of Malaysia's Payex in October 2025.

## Latest updates

- **2025-10** — Completed full acquisition of Malaysia's Payex, rebranding it as Xendit Malaysia after onboarding 4,500+ businesses and processing $1.1B in volume.
- **2025-12** — Announced plans to expand into Latin America, starting with Mexico and Colombia, with Chile, Argentina, and Brazil to follow in 2026.
- **2026-05** — Raised $50M in debt financing to fund continued regional growth.

## Links

- Website: https://www.xendit.co
- LinkedIn: https://www.linkedin.com/company/xendit
- Twitter/X: https://twitter.com/xenditco
- GitHub: https://github.com/xendit
- Instagram: https://www.instagram.com/xendit/
- Facebook: https://www.facebook.com/xendit

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Profile page: https://yespress.io/xendit
Published by YesPress — https://yespress.io
Last updated: 2026-06-01