Xendit

Name: Xendit
Brand: Xendit

Leader

Making payments simple.

Est 2015|Valuation $1B|Raised $534.7M|55 Ref Customers

LinkedIn 84K|Web traffic 4.3M|FTEs 593|HQ Jakarta, Indonesia

MarketsProcure-to-Pay Invoicing & Payment Processing Cross-Border Payments

01Competitive Landscape

Narrative competitive analysis

- **Xendit vs Stripe:** - Xendit focuses on localized SEA payment method coverage and regional rails packaged for regional businesses. - Stripe’s advantages include broader global reach, a large ecosystem, and extensive product documentation; for companies prioritizing non-SEA markets, Stripe can reduce complexity. - **Xendit vs Adyen:** - Adyen is often preferred by large international enterprises with sophisticated acquiring needs and global payment optimization. - Xendit may be preferred for SEA-first businesses that require localized methods and localized onboarding, subject to country-by-country feature parity validation. - **Xendit vs PayMongo (Philippines):** - PayMongo publishes detailed Philippines pricing and support plans and may be a clearer local option for Philippines-only needs. - Xendit may be appropriate for buyers seeking a single vendor across multiple SEA markets, subject to validation of local feature parity.

Market adoption signals

Tech media coverage and company announcements document venture-backed growth and position the vendor as a regional payments provider.
Public review coverage on platforms such as G2 is very limited, which can indicate either low usage of those review platforms by purchasers, adoption concentrated in enterprise channels, or low engagement with review sites.

	Xendit	Stripe	Adyen
Starting Price	Transaction-based; varies by country and method. Offers marketplace tooling with per-active-sub-account charges and one-time onboarding fees for entities.	Transaction-based pricing with many add-ons and ecosystem products; localized fees vary by country.	Enterprise-oriented pricing that combines processing fees and payment-method-specific charges; pricing varies by method and merchant size.
Typical fit	SEA-local payment method aggregation; strong in Indonesia/Philippines/Malaysia/Thailand and for platforms needing sub-account tooling.	Global internet businesses wanting broad country coverage and a strong developer ecosystem.	Large international enterprises seeking unified acquiring, optimization, and broad payment method support.
Key strength	Local rails and localized methods (virtual accounts, e-wallets, OTC) in SEA; marketplace tooling (xenPlatform).	Developer experience, global footprint, ecosystem, and extensive documentation.	Enterprise-grade acquiring, broad payment-method support, and scale/optimization capabilities.
Key weakness	Public enterprise security attestations are limited and third-party review volume is modest; some consumer complaints highlight fraud/support issues.	May require partners for some hyper-local SEA rails; localization varies by market.	Sales-led approach and potential implementation complexity; pricing can be less transparent for smaller merchants.

01Competitive Landscape

Narrative competitive analysis

Xendit vs Stripe:
- Xendit focuses on localized SEA payment method coverage and regional rails packaged for regional businesses.
- Stripe’s advantages include broader global reach, a large ecosystem, and extensive product documentation; for companies prioritizing non-SEA markets, Stripe can reduce complexity.
Xendit vs Adyen:
- Adyen is often preferred by large international enterprises with sophisticated acquiring needs and global payment optimization.
- Xendit may be preferred for SEA-first businesses that require localized methods and localized onboarding, subject to country-by-country feature parity validation.
Xendit vs PayMongo (Philippines):
- PayMongo publishes detailed Philippines pricing and support plans and may be a clearer local option for Philippines-only needs.
- Xendit may be appropriate for buyers seeking a single vendor across multiple SEA markets, subject to validation of local feature parity.

Market adoption signals

Tech media coverage and company announcements document venture-backed growth and position the vendor as a regional payments provider.
Public review coverage on platforms such as G2 is very limited, which can indicate either low usage of those review platforms by purchasers, adoption concentrated in enterprise channels, or low engagement with review sites.

	Xendit	Stripe	Adyen
Starting Price	Transaction-based; varies by country and method. Offers marketplace tooling with per-active-sub-account charges and one-time onboarding fees for entities.	Transaction-based pricing with many add-ons and ecosystem products; localized fees vary by country.	Enterprise-oriented pricing that combines processing fees and payment-method-specific charges; pricing varies by method and merchant size.
Typical fit	SEA-local payment method aggregation; strong in Indonesia/Philippines/Malaysia/Thailand and for platforms needing sub-account tooling.	Global internet businesses wanting broad country coverage and a strong developer ecosystem.	Large international enterprises seeking unified acquiring, optimization, and broad payment method support.
Key strength	Local rails and localized methods (virtual accounts, e-wallets, OTC) in SEA; marketplace tooling (xenPlatform).	Developer experience, global footprint, ecosystem, and extensive documentation.	Enterprise-grade acquiring, broad payment-method support, and scale/optimization capabilities.
Key weakness	Public enterprise security attestations are limited and third-party review volume is modest; some consumer complaints highlight fraud/support issues.	May require partners for some hyper-local SEA rails; localization varies by market.	Sales-led approach and potential implementation complexity; pricing can be less transparent for smaller merchants.