Xendit provides a unified payment platform that enables businesses in Southeast Asia to accept over 100 payment methods, including credit cards, e-wallets, and bank transfers, facilitating seamless transactions. The platform addresses the fragmented payment landscape by offering fast integration, automated payouts, and 24/7 customer support, allowing businesses to scale efficiently across the region.
Funding
$300M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Businesses in Southeast Asia face a complex payment landscape with a proliferation of payment methods, including credit cards, e-wallets, and bank transfers, leading to integration challenges and operational inefficiencies. Managing multiple payment providers and ensuring secure, reliable transactions across various platforms can be resource-intensive and hinder scalability.
Solution
Xendit offers a unified payment platform that simplifies payment acceptance and disbursement for businesses operating in Southeast Asia. The platform provides access to over 100 payment methods through a single integration, streamlining payment processes and reducing operational overhead. Xendit automates payouts, offers fraud detection, and provides 24/7 customer support, enabling businesses to scale efficiently while maintaining secure and reliable transactions. Additionally, Xendit offers solutions such as treasury management, expense management, and financing options to meet expanding business needs.
Target Audience
Xendit primarily serves e-commerce businesses, online platforms, marketplaces, and financial service providers in Southeast Asia that require a comprehensive payment solution to streamline operations and enhance customer experience.
Features
- Unified platform supporting 100+ payment methods across Southeast Asia, including credit cards, e-wallets, and bank transfers.
- Automated payouts to over 450 destination channels, including banks and e-wallets, with options for batch payouts and API-triggered transfers.
- XenPlatform for managing payments for marketplace partners, including automated fund acceptance, splitting, and disbursement.
- Fraud detection with card validation and preemptive blocking of suspicious transactions.
- Payment Links for optimized payment user interface.
- Subscription payments for automating recurring billing.
- Treasury management in 17 currencies.
- Corporate cards with fast KYC and no deposit or annual fees.
- Financing options for business expansion.
- Banking as a Service to create and manage co-branded bank accounts or e-wallets.
- Identity verification solutions.
- API with 99.99% uptime.