Xendit raises capital for PH operations

By Mayvelin U. Caraballo

Sep 17, 2021 12:50 am

Xendit, a financial technology startup, said that it has raised more capital to expand its operations in the Philippines.

Zhang Yangyang, chief executive officer and managing director of Xendit Philippines, said in a briefing on Thursday that the company has received a $150 million Series C investment from Tiger Global Management, with participation from existing investors Accel, Amasia, and Justin Kan's Goat Capital.

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