Funding round
Xendit Series D
Xendit, which works in digital payment solutions delivery in Special Capital Region of Jakarta, raised $300M in a Series D round announced on 19 May 2022, led by Coatue and Insight Partners. 13 firms took part. It is Xendit's fourth venture round on record; the one before was a Series C in Sep 2021.
$300M
Amount raised
Not disclosed
Post-money valuation
13
Investors
2 leads
Valuation
What this round says about the price
Xendit did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Sep 2021). It came 8 months after Xendit's Series C. It is 56% of the $535M Xendit has raised in the venture rounds on record. No later venture round is on record for Xendit.
Xendit's funding rounds
Xendit has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Coatue and Insight Partners led the round with 11 other firms.
Lead investors
- Coatue backs 229 venture-backed companies new investor
- Insight Partners backs 548 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- backs 95 venture-backed companies new investor
- EV Growth new investor
- backs 21 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Invus backs 83 venture-backed companies new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
14 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $225M, and this round was 1.3 times the median. The closest in time, other companies' Series D rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Neon Payment Processing & Point of Sale | 19 May 2022 | $300M | $1.60B | BBVA |
| Payment Processing & Point of Sale | 10 May 2022 | $200M | $1.40B | KKR |
| Payment Processing & Point of Sale | 16 Jun 2022 | $2.0M | not disclosed | not named |
| Flutterwave Payment Processing & Point of Sale | 16 Feb 2022 | $250M | $3.00B | B Capital |
| Checkout.com Payment Processing & Point of Sale | 12 Jan 2022 | $1.00B | $40.00B | not named |
| Qonto Payment Processing & Point of Sale | 10 Jan 2022 | $550M | $5.00B | Tiger Global and Technology Crossover Ventures |
| Satispay Payment Processing & Point of Sale | 28 Sep 2022 | $307M | $960M | Addition |
| Bolt Payment Processing & Point of Sale | 13 Oct 2021 | $393M | $6.00B | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Xendit raise in its Series D round?
Xendit raised $300M in its Series D round, announced in May 2022.
Who led Xendit's Series D round?
Coatue and Insight Partners led it, with Accel, Tiger Global, Kleiner Perkins, East Ventures and EV Growth and 6 more.
What was Xendit's valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Sep 2021).
How does it compare with other Series D rounds in Payment Processing & Point of Sale?
14 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $225M, and this round was 1.3 times the median.