fintech / news / / TechCrunch
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.
Xendit raised $64.6 million in a Series B led by Accel, totaling $88 million raised.
KEY POINTS
- 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
Summarized by Newsio from TechCrunch. How we summarize →