Xendit

paymentsp2p payments

FOUNDING YEAR: 2014
LOCATION: Indonesia
Last Update: 17/07/2020

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About

Xendit is an Indonesian fintech company that provides payment infrastructure across Indonesia. Xendit processes payments, runs marketplaces, disburses payroll and loans, detects fraud and helps other businesses grow exponentially. We serve these companies by providing a suite of world-class APIs and a dashboard UI that simplifies processes. Our main focus is to build the most advanced payment rails for Indonesia, with a clear goal in mind to make payments in Indonesia simple, secure and easy for everyone. We currently serve local SMEs to some of Indonesias largest tech startups and also giant-sized businesses like Samsung. We process millions of transactions monthly, growing 25% month on month for the last 2 years. We are trusted and backed by some of the largest VCs in the world, and are alumni of the prestigious YCombinator (S15).Since mid 2015 our team at Xendit has been focused on making our impact on the world by making the process of sending money as simple and user-friendly as possible. Our goal is to make payments easy, to friends, family or in business. Weve spoken to people from every continent and from every walk of life, trying to understand how we can use our knowledge of payment technology infrastructure to build something that provides real value to our customers.As a result of our learning, we are focused on building products for South East Asia and chosen Indonesia as our first market. A market with a fast growing e-commerce and online environment, Our team has united around a goal of simplifying something that should be more painless and user-friendly sending money fully automated and in real-time! With innovations in security, payment technologies, and devices, we believe payment transactions can be done easily and securely. Receiving and sending money will never be as time consuming as before. We free business transactions from tokens.Just xendit!

MEDICI Analysis

Xendit offers a payment acceptance platform that enables merchants to receive payments from multiple banks without the need of opening additional accounts. The product suite includes XEN Payments (for detecting and receiving online payments), XEN Invoice (for automatic detection of invoice payment), XEN Disburse (for sending large scale funds via API) and XEN Integrations (instant payment system integration).

Focus

PRODUCTS & SERVICES

Xendit provides Android and iOS-based app to facilitate peer-to-peer money transfer to one's linked contacts.

REVENUE MODEL

The company does not charge any fee.

MAIN CLIENTS

Travelio

Ecommerce

fintech P2P business

Momentum

FUNDED

NO

TOTAL FUNDING

$120 K

DATE OF LAST FUNDING

Aug 2015

SEED & PRIOR FUNDING

$120 K

SEED CLOSED ON

Aug 2015

LISTED

NO

Innovation Programs

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