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Xendit raises $300m in Series D funding

Indonesia based payments infrastructure platform raised $300m in Series D funding led by Coatue and Insight Partners.

"We intend to keep reinvesting in new markets, enhancing our Xendit platform, and expanding our business lines so we can seize the biggest and best opportunities," Moses Lo, Founder and CEO of Xendit, explained. "Southeast Asia’s digital economy will be worth more than US$360 billion by 2025 and we think we’ve positioned ourselves well to both drive and benefit from that growth."

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smbs, sea, emerging markets