Unicorn Xendit to Challenge Gopay and OVO’s Domination

By Editorial Team 14/09/2021
Unicorn
Summary

Xendit, a payment gateway from Indonesia, has reportedly achieved unicorn status after finalizing its latest funding round and exceeding the US$1 billion valuation. Ken reported that Tiger Global, a venture capital from the United States (US), led the latest funding round.

For the record, Xendit just recently secured US$64.6 million from a Series B funding round led by a US-based venture capital firm, Accel, in March 2021. After the Series B funding, Xendit's total funds reached US$88 million, and it claimed that the total transactions grew by 146 percent in the first half of 2021.

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