Xendit

Founded 2015 as a YC-backed P2P payments app in Indonesia, Xendit pivoted in 2016 to a payment gateway and found product-market fit by 2017 as the 'Stripe of Southeast Asia.' Expansion across SEA (Philippines 2020, Malaysia 2023, Thailand 2024) was followed by a deliberate move up the embedded-finance stack: XenCapital (financing), XenPlatform (marketplace orchestration), Banking-as-a-Service, E-Money-as-a-Service, corporate cards (Apollo) and cross-border treasury. The company is now positioned as a multi-product financial infrastructure platform for SEA, with growing Latin American presence (Mexico entity).