Funding round
Xendit Series A
Xendit, which works in digital payment solutions delivery in Special Capital Region of Jakarta, raised $20M in a Series A round announced on 3 Jun 2018, led by Kleiner Perkins. 4 firms took part. It is Xendit's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Xendit did not disclose a valuation in this round. It is Xendit's first venture round on record, 4 years after it was founded in 2014. It is 3.7% of the $535M Xendit has raised in the venture rounds on record. Xendit raised again 33 months later: a Series B round of $65M in Mar 2021. Its next priced round, a Series C in Sep 2021, valued it at $1.00B.
Xendit's funding rounds
Xendit has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Kleiner Perkins led the round with 3 other firms.
Lead investor
- Kleiner Perkins backs 285 venture-backed companies new investor
Also in the round
- backs 21 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- Gan Kapital new investor
Comparable rounds
How it compares
36 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $8.5M, and this round was 2.4 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 19 Jun 2018 | $6.5M | not disclosed | Digitalis Ventures |
| Payment Processing & Point of Sale | 30 Jul 2018 | $25M | not disclosed | ING Group N.V. |
| Payment Processing & Point of Sale | 17 Apr 2018 | $11M | not disclosed | TTV Capital |
| Payment Processing & Point of Sale | 28 Aug 2018 | $8.5M | not disclosed | Andreessen Horowitz |
| Payment Processing & Point of Sale | 9 Apr 2018 | $7.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 29 Aug 2018 | $7.0M | not disclosed | BlueYard |
| Payment Processing & Point of Sale | 20 Aug 2018 | $7.0M | not disclosed | Augmentum Fintech and Bessemer Venture Partners |
| Payment Processing & Point of Sale | 11 Sep 2018 | $12M | not disclosed | Intrinsic Capital Partners |
Questions
Frequently asked
How much did Xendit raise in its Series A round?
Xendit raised $20M in its Series A round, announced in Jun 2018.
Who led Xendit's Series A round?
Kleiner Perkins led it, with Amasia, Intudo and Gan Kapital.
What was Xendit's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
36 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $8.5M, and this round was 2.4 times the median.
Did Xendit raise again after this round?
Yes: a Series B round in Mar 2021 of $65M.