Xendit Snags $150M in Series C Funding for SE Asia Digital Payment Infrastructure Enhancements

Source: findaily.pro findaily.pro

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Southeast Asia payments platform Xendit on Tuesday (Sept. 14) finalized a Series C funding round that generated $150 million, in the process cracking the $1 billion mark in money raised. Tiger Global Management led the latest fundraising round, which made Xendit a unicorn — a rarity for companies in the region. Accel, Amasia and Justin Kan’s Goat Capital were among the other investors. Xendit will use the money to develop its new and existing products and will work on expanding into “select countries” across Southeast Asia, where 70 percent of the 580 million people online in the region live. “We’re...