The Xendit Story: From unicorn milestone to upping stakes in financial services game

Fireside chat with Tessa Wijaya, COO and Co-founder, Xendit
Indonesian digital payment platform Xendit grabbed the unicorn tag last year after raising $150 million in its Series C funding round led by Tiger Global. The company has raised a total of $238 million since 2015.

Xendit provides payment solutions and simplifies the payment process for businesses in Indonesia, its home market, and the Philippines. Armed with fresh funding, Xendit’s next goal post will be to expand to select countries across Southeast Asia, whose digital economy is projected to triple to more than $300 billion by 2025 from $100 billion in 2021.

Xendit is also looking to foray into the banking space as it joins scores of fintech startups looking to expand their play. Xendit COO and co-founder is a big believer in the power of tech to change the world for the better. “Money movement allows people to create and grow businesses so our economy can grow,” she says.

Apart from the unicorn distinction, Xendit also takes credit for being a fintech startup with a relatively higher share of women on its rolls. Nearly 20% of its senior management team members are women who constitute 40% of Xendit’s workforce.

We will quiz Tessa on the journey thus far and the road ahead for Xendit.