New Fintech Unicorn Xendit Targets More Funding

Indonesian payments fintech that recently went unicorn, Xendit, is finalizing its latest funding round worth US$200 million from global investors Coatue Management and Insight Partners, a DealStreetAsia source said.

"The new funding round refers to Xendit's pre-funding valuation worth over US$2.7 billion, almost three times its previous valuation. After the funding, Xendit's valuation is estimated at US$3 billion," an anonymous source told DealStreetAsia, Monday. The new funding will support Xendit's expansion, including launching new products and services and building a more efficient digital infrastructure.