Indonesian fintech startup Xendit becomes unicorn after $150m Series C funding

Photo: Reuters

Indonesian digital payment platform Xendit has become Southeast Asia’s newest unicorn after it raised $150 million in its Series C funding round, according to an announcement.

New York-based investment firm Tiger Global Management, which had previously backed Indonesian fintech startup Payfazz, led the funding round. Existing investors Accel, Amasia, and Justin Kan’s Goat Capital also participated.

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