# Xendit

Xendit is an Asset Manager based in Jakarta, Indonesia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Jakarta, Indonesia
- **Region:** Asia
- **Address:** Jakarta, Indonesia
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.xendit.co
- **LinkedIn:** https://www.linkedin.com/company/xendit

## Regulatory record

- **Reports private funds:** No

## About

Xendit is a financial technology company that enables fast and secure payments for businesses in Southeast Asia and beyond. As a leading payment gateway, it allows businesses to accept payments through 100+ popular payment methods and offers payment solutions in Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, and Hong Kong. It serves SMEs, e-commerce startups, and large enterprises with solutions to accept and send payments, manage platform partners, and obtain financing.

## Sectors

- FinTech

## Offices

- Singapore
- Manila
- Kuala Lumpur
- Bangkok
- Ho Chi Minh City

## People

- Moses Lo — CEO
- Nazim Ali — Chief Revenue Officer
- Tessa Wijaya — COO

## Questions

### How does Xendit settle funds in countries where it doesn't hold a banking license?

Xendit holds an e-money license from Bank Indonesia and a Philippine EMI license, which let it hold client funds directly in those markets. In Malaysia, Thailand, and Vietnam, it partners with licensed local banks as settlement agents. The firm has publicly stated it intends to pursue direct licensing in every market it serves.

### What payment methods does Xendit support in Indonesia?

In Indonesia, Xendit covers bank transfers via virtual accounts (BCA, Mandiri, BNI, BRI), credit and debit cards, retail over-the-counter payments through Alfamart and Indo-maret, and e-wallet integrations including OVO, Dana, and LinkAja. It also offers direct-debit mandates for recurring billing.

### What does its regional licensing footprint look like?

Xendit holds an e-money license from Bank Indonesia and an EMI license from the Bangko Sentral ng Pilipinas, allowing it to hold client funds directly in those two core markets. For cross-border settlement into Malaysia, Thailand, and Vietnam, it currently operates through licensed banking partners, pending its own license applications.

### Who are Xendit's largest merchants by volume?

Named merchants include Traveloka, TransferWise, Ninja Van, and Grab, all of which use Xendit for domestic pay-in and payout workflows. The firm has not disclosed the revenue concentration of its top clients, but its merchant base exceeds 10,000 businesses spanning e-commerce, travel, logistics, and SaaS.

## Related profiles

- [ProducePay](https://altss.com/profile/producepay)

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Last updated: 2026-08-11T15:08:42.881Z

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