Media Coverage
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
05.24.22
Pillsbury advised Xendit, a payments infrastructure platform for Southeast Asia, in a US$300 million Series D funding round, led by Coatue and Insight Partners. Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital also participated in the round. The company intends to utilize the funds to expand into new markets such as Thailand, Malaysia and Vietnam. The company further plans to add value-added services in addition to payments, like working capital loans, according to the press release.
The Pillsbury deal team was led by Corporate partner and Technology Industry Group leader Justin Hovey and also included special counsel Caitlin Bloom Stulberg, counsel Paul Casas and associates Jessica Dabiri, Kendy Chan and Shade Oladetimi, all in San Francisco.
Pillsbury has advised Xendit in all of its prior funding rounds, bringing its total amount raised to $538 million, including its recent $150 million Series C funding round led by Tiger Global Management and its $64.6 million Series B funding round led by Accel.
Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines and across Southeast Asia, from SMBs and e-commerce startups to large enterprises.