LIVE
///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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XenditSeries D
Jakarta| Est. 2015
Series D
B2B payment gateway charging transaction fees for payment acceptance (cards, e-wallets, virtual accounts), disbursement services, and enterprise solutions via API integration. Volume-based pricing with 500M+ annual transactions. First Indonesian Y Combinator company.
Investment Thesis
""Stripe of Southeast Asia" capturing the massive opportunity from low credit card penetration (3%). Strong enterprise relationships and recurring infrastructure revenue."
Recent Signals
- 01Acquired Malaysian payment gateway Payex (2025).
- 02Announced LATAM expansion (Mexico, Colombia by end 2025).
- 03Entered Thailand (2024).
- 04US/Australia planned Q2 2026.
Key People
- MMoses Lo
- TTessa Wijaya
- BBo Chen
- JJuan Gonzalez
Cap Table
Tiger GlobalAccelInsight PartnersCoatueKleiner PerkinsY CombinatorJustin Kan's Goat Capital
Verified Funding History
| Round | Date | Amount | Participating Investors |
|---|---|---|---|
| Series D | May 2022 | US$ 300M | Coatue (co-lead), Insight Partners (co-lead), Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, Goat Capital |
| Series C | Sep 2021 | US$ 150M | Tiger Global, Accel, Amasia, Goat Capital |
| Series B | Mar 2021 | US$ 64.6M | Accel |
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