Xendit

What Xendit does

Xendit is a Southeast Asian payment infrastructure company, founded in 2015 in Jakarta, Indonesia, that operates a single-API platform connecting 10,000+ businesses to 100+ payment methods and 450+ destination banks and e-wallets across Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, and Hong Kong, with a Latin America launch underway in late 2025. The platform is built on direct integrations with local rails (cards, e-wallets, virtual accounts, direct debit, QR, retail outlets, and PayLater) and runs licensed payment institution operations under Bank Indonesia, Bangko Sentral ng Pilipinas, Bank Negara Malaysia (via the October 2025 Payex acquisition), Bank of Thailand, and the Monetary Authority of Singapore as a Major Payment Institution; it reports 99.999% payment uptime and 99.9% of automated payouts processed within 15 minutes.

The product surface spans acceptance (Payments, Payment Links, Subscriptions, POS Terminal), disbursement (Batch Payouts, Automated Payouts, Payout Links, Cross Border), risk and identity (Fraud Detection with adaptive ML, Identity Verification with OCR/liveness), marketplace orchestration (XenPlatform), business operations (Treasury across 17 currencies, Expense Management, Apollo Corporate Cards, Business Banking, Early Settlement), embedded finance (Banking-as-a-Service, E-Money-as-a-Service), and merchant financing (XenCapital, which has disbursed over US$700 million since 2021 and benefits from a US$50 million Helicap credit facility). Xendit monetizes primarily through transaction-based Merchant Discount Rates plus fixed fees that vary by method (international cards 4.0% + US$0.30; e-wallets 2.70% + US$0.15; direct debit 2.13% + US$0.60; virtual accounts 0.5% + US$0.20; PayLater 6.0%), supplemented by local and cross-border payout fees (US$1 and US$5 plus FX margin), XenPlatform SaaS-like fees (US$1.50 per active sub-account per month plus a 0.63% capped in-house fee), a US$5,000 one-time per-entity setup fee, FX spread, and lending interest income. Go-to-market combines self-serve product-led onboarding (5-minute free sign-up, public API docs, plug-ins for Shopify/WooCommerce/Magento/Wix) with enterprise field sales supported by Salesforce CRM, ecosystem accelerator programs (e.g., Selangor Retail-X with Affin Bank, AEON, TikTok Shop, DHL, MATRADE), and embedded partnerships via Banking-as-a-Service. Named customers include Meta, Samsung, Starbucks, TikTok (ByteDance), Allianz, Traveloka, Grab, Levi's, Shopee, tiket.com, RedDoorz, Mekari, IFG Life, Qoala, Kargo, VCGamers, Bakmi GM, BookMyShow, Megatix, and Berrybenka, with disclosed usage outcomes such as a 198% improvement in credit card acceptance for a global wellness platform, 95%+ nighttime payment success at VCGamers, and 5x faster reconciliation at Mekari.

Name

Xendit

Legal name

Xendit Inc.

Website

https://xendit.co

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Xendit operates a single-API payment infrastructure platform serving 10,000+ businesses across Southeast Asia with 100+ payment methods, licensed in five jurisdictions, and is now expanding into Latin America. Its modular stack covers acceptance, payouts, fraud, identity, treasury, embedded banking, and merchant lending via XenCapital.

Ownership category

akta.pro rank

Product category

Digital Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industries

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Marketplace & Platform Seller Payouts (FSAMAKAE)

Keywords

• Digital payment infrastructure
• Payment gateway services
• Cross-border payments
• Fraud detection software
• Embedded finance APIs

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment transaction fees (MDR + fixed): Per-transaction Merchant Discount Rate plus fixed fee on accepted payments, differentiated by method: International cards 4.0% + $0.30; Domestic cards 3.0%; E-wallets 2.70% + $0.15; Direct Debit/Bank transfer 2.13% + $0.60; Retail Outlets/OTC 1.73%; QR payments (non-Indonesia) 1.4%; Virtual Account 0.5% + $0.20; PayLater 6.0%. Sign-up and integration are free; charges only on successful transactions.
2. Payout fees (Local & Cross-Border): Local payouts charged at $1.00 via API or Excel (ID, PH, VN); cross-border payouts at $5.00 via API or Excel with additional forex fees applied.
3. XenPlatform account and in-house transaction fees: Per-active-sub-account monthly fee of $1.50 plus 0.63% (capped at $1.00) in-house transaction fee for transfers between accounts, including platform fees.
4. One-time entity set-up fee: One-time $5,000 set-up fee per entity, paid upon onboarding of new legal entities.
5. FX revenue: Forex calculated using current market rate with additional forex fees on cross-border payouts and currency conversions; cross-border claims savings of 75%+ on FX versus traditional wire services.
6. Early Settlement fees: Custom pricing for Early Settlement feature that gives merchants instant access to funds that would otherwise take up to 7 days to settle.
7. Lending interest income (XenCapital): Interest and fees on working capital loans, invoice financing (up to 80% of invoice, up to 9-month tenor), instant loans, and platform financing; delivered via the lending arm XenCapital which has disbursed over USD 700 million since 2021.

Pricing tiers

Go-to-market motion6 records

Distribution channels7 records

Marketing channels9 records

Core offering

Xendit provides a single-API payment infrastructure platform enabling businesses to accept 100+ payment methods and send payouts across Southeast Asia. The platform unifies cards, e-wallets, virtual accounts, QR, direct debit, retail outlets, and PayLater behind one integration, and layers on automated/batch payouts, fraud detection, identity verification, marketplace orchestration (XenPlatform), embedded finance (BaaS/EMaaS), and merchant lending (XenCapital).

Product overview

Xendit is a financial technology company providing a single, unified payments infrastructure platform plus a modular suite of products for Southeast Asia (and expanding into Latin America). The core Payments product enables acceptance of 100+ local payment methods via one integration; layered on top are Payment Links, Subscriptions, In-person Payments (POS Terminal), Batch Payouts, Automated Payouts, Payout Links (xenpayout), Cross Border and Fraud Detection for receiving and sending money. XenPlatform adds marketplace/multi-party orchestration, while business operations are supported by Treasury (Global Treasury), Expense Management, Corporate Cards (Apollo), Financing (XenCapital), Early Settlement, Identity Verification and Business Banking. Banking as a Service and E-Money as a Service extend the platform for partners to launch co-branded accounts or wallets. Xendit Indonesia, Xendit Philippines, XenRemit, Xendit Payments Singapore Pte. Ltd., Payex PLT (Xendit Malaysia), and Xendit Tech Company Limited (Thailand) operate under the relevant local regulatory licenses (Bank Indonesia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, Bank Negara Malaysia, Bank of Thailand).

Differentiator

Problem solved

Functional benefit

Brands

• XenPayments: All-in-one solution to accept payments via 100+ payment methods across Southeast Asia.
• XenInvoice
• XenDisburse
• XenBatch
• XenPayout
• XenPlatform
• XenCapital
• XenShield
• Apollo

Products and services

• Payments (Online Payment Methods)

Quantifiable outcome

• VCGamers increased nighttime payment success rate from 80% (2022) to 95%+ (2023), with 53% growth in e-wallet/QRIS volume Q1-Q3 2023
• +9 more outcomes

Named customers28 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability2 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered flagship, core, minor and major.

• Payex (Payex PLT)flagshipStrategic or Co-development Partner · 1 October 2025Full acquisition completed in October 2025; Payex was a Malaysian payment gateway licensed by Bank Negara Malaysia. Rebranded as Xendit Malaysia, the acquisition gives Xendit a local Malaysian license and extends its regional payment services; the deal was announced at the Selangor Smart City & Digital Economy Convention 2025.
• GCashflagshipStrategic or Co-development Partner · 1 November 2024Partnership with the Philippines' leading e-wallet (94M+ users) to enable recurring subscription payments via Xendit. Also covered a remittance partnership for OFWs (Filipinos abroad). Co-published with Ezypay as part of Philippines' first GCash recurring integration; GymMaster was among the first SaaS partners to enable recurring GCash payments from November 2024.
• EzypaycoreStrategic or Co-development Partner · 1 November 2024Fintech specializing in recurring payments that collaborated with Xendit and GCash to deliver the Philippines' first GCash recurring-payment integration, enabling automated subscription billing across fitness, leisure, and SaaS verticals.
• SalesforcecoreTechnology or IntegrationSalesforce is Xendit's CRM provider. Implementation of Sales Cloud and Marketing Cloud Account Engagement over six months delivered a 25% productivity uplift, supporting the growth of Xendit's sales team from a spreadsheet-managed unit to over 30 people and improving marketing attribution across multiple touchpoints.
• CRS StudiominorImplementation/ SI/ Consulting PartnerImplementation partner that deployed Xendit's Salesforce CRM (Sales Cloud, Marketing Cloud Account Engagement, Customer 360) over six months with role-based permissions and improved attribution.
• TikTok ShopmajorGTM or Marketing PartnerEcosystem partner in the Selangor Sidec twin accelerator program (Retail-X for retail/consumer; Deep-X for deep tech), aimed at scaling Malaysian SMEs and startups.
• Affin BankminorGTM or Marketing PartnerEcosystem partner in the Selangor Sidec Retail-X program (12-week accelerator for retail SMEs) alongside Xendit, AEON, TikTok Shop, DHL, and MATRADE.
• MATRADE (Malaysia External Trade Development Corporation)minorGTM or Marketing PartnerGovernment trade-promotion partner in the Selangor Sidec Retail-X program.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• BillEase (Flink): BillEase is a Philippines-based BNPL provider (one of the PayLater partners integrated with Xendit). It is comparable as an SEA emerging-market consumer credit and payments company, with partial overlap on subscription/recurring infrastructure.
• Rapyd: Rapyd is a global fintech-as-a-service platform offering local payment methods, payouts, and FX across 100+ countries. It is comparable to Xendit on the cross-border emerging-market payments and BaaS thesis, with overlapping LATAM ambition.

Direct peers

• Stripe: Stripe is the global benchmark for developer-first payment APIs, operating in 40+ countries. It is Xendit's most direct competitor in the 'single-API emerging-market payment gateway' category, increasingly pushing into Southeast Asia with localized payment methods.
• Adyen: Adyen is a global unified payment platform serving large enterprises (Meta, Samsung, Uber). Comparable to Xendit on the enterprise upmarket motion and single-platform multi-method thesis, with growing SEA presence.
• Midtrans (GoTo): Midtrans is the Indonesian payment gateway owned by GoTo, the super-app operator behind Gojek and Tokopedia. It competes head-to-head with Xendit in Indonesia, with deep local payment method coverage and a captive super-app distribution advantage.
• 2C2P (Ant Group): 2C2P is a Thailand-headquartered pan-Southeast Asian payment platform now backed by Ant Group. It is a direct regional competitor in cross-border card processing and alternative payment methods, with overlap on enterprise and merchant acquiring.
• DOKU: DOKU is an Indonesian payment gateway serving merchants with online, link, and virtual account products. It is comparable to Xendit on Indonesian SMB and enterprise online payment acceptance, with overlapping product set (payment links, virtual accounts, e-wallets).
• PayMongo: PayMongo is a Philippines-based developer-first payment gateway serving local SMEs and enterprises. It is directly comparable to Xendit's Philippines product (30+ methods), with similar API-first GTM and BSP licensing.

Regional players

• iPay88: iPay88 is a Southeast Asian payment gateway focused on Malaysia, Indonesia, Philippines, and Thailand with similar multi-method acceptance. It competes with Xendit for the same regional enterprise and SME merchants but with a more traditional, less API-first stack.

Broad incumbents

• Checkout.com: Checkout.com is a global unified payment processor serving enterprise merchants with a single-platform multi-method offering. It competes with Xendit for large enterprise wallet share in SEA, with broader geographic reach but less local payment method depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights8 records

Customer concentration

• Xx.com/xenditco
• GitHubgithub.com/xendit
• YouTubeyoutube.com/embed/VLACFPl9ox4
• Facebookfacebook.com/xendit.id
• LinkedInlinkedin.com/company/xendit
• Instagraminstagram.com/xendit.id

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors22 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xendit