# Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B. The fintech was the first Indonesian company to go through Y Combinator's accelerator program.

*fintech · news · 2021-03-02 · TechCrunch*

## Key points

- Xendit raised $64.6 million in a Series B led by Accel, totaling $88 million raised.
- Xendit is the first Indonesian company to go through Y Combinator’s accelerator program.
- In 2020, Xendit's customer count grew by 540% and headcount doubled to over 350 employees.
- Xendit recently expanded into the Philippines and is considering entry into Thailand, Vietnam, Malaysia, and Singapore.
- Xendit shifted its focus beyond travel to sectors like retail, gaming, and digital products during the pandemic.

**Companies:** Xendit
**Countries:** Indonesia, Philippines, United States

[Read the full story on TechCrunch](https://techcrunch.com/2021/03/02/indonesia-payments-infra-startup-xendit-raises-64-6m/)

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