Xendit navigates complexity by building direct integrations with hundreds of payment methods, available in a single platform, and through partnerships with trusted local entities, simplifies the integration process and offers global businesses comprehensive payments infrastructure tailored to each market's unique requirements. Under founder Moses Lo's leadership, the company achieved unicorn status in 2021.
Cyborg Score Rationale
Xendit demonstrates strong market positioning with unicorn status (achieved 2021), significant funding ($554M raised as of recent data), and regional leadership in Southeast Asian payments. However, private status and concentrated geographic footprint limit growth optionality relative to global payment giants.
Top Insights
Xendit ranks 4th amongst 326 active competitors in terms of total funding.
Xendit acquired Payex (a Malaysian financial software company) in October 2025.
The company serves commerce startups to large enterprises, enabling businesses to accept payments, disburse payroll, and run marketplaces via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, and online installments.
The platform is known for its speed (fast integration, builds), simplicity (easy integrations, pricing), and world-class 24/7 customer support.
Named Competitors
Stripe — Global online payment processing platform