Xendit expands into Latin America, starting with Mexico and Colombia
Published on October 25, 2025
Xendit, one of Southeast Asia’s leading digital payment infrastructure companies, is expanding into Latin America as part of its strategy to replicate its regional success in other emerging markets. The move marks a significant milestone in Xendit’s global growth journey and underscores the company’s ambition to build seamless, scalable payment solutions for businesses operating across borders.
The Indonesia-born unicorn plans to launch operations in Mexico and Colombia by the end of 2025, followed by Chile, Argentina, and Brazil in 2026, according to Raymundo Guerrero, Xendit’s Chief Executive Officer for Latin America.
“Latin America’s payment ecosystem today looks much like Southeast Asia’s did a decade ago. This presents an incredible opportunity to drive inclusion and innovation by applying the lessons we’ve learned scaling in Asia,” said Guerrero.
Founded in 2015, Xendit has grown into one of Southeast Asia’s most trusted digital payment players, supported by early investors including ACV Capital. Today, the company processes over US$70 billion in transactions annually and serves more than 10,000 clients, including Meta and Samsung, as well as regional leaders like TikTok and Shopee across Indonesia, the Philippines, Malaysia, and Thailand.
Through its expansion, Xendit aims to simplify how companies manage both incoming and outgoing payments, ranging from cards and e-wallets to bank transfers and cash, across multiple countries through a single API. This unified infrastructure enables multinationals and regional firms to expand more easily into new markets, reducing the complexity of fragmented financial systems.
Xendit’s entry adds fresh competition to Latin America’s fast-evolving payments landscape, currently dominated by players such as DLocal and EBANX. The company’s integrated approach positions it to bridge the gap between global enterprises and local consumers while supporting broader financial inclusion.
Guerrero noted that Latin America’s current challenges, such as a fragmented regulatory landscape and stricter anti-money laundering compliance, create opportunities for trusted, technology-driven payment providers.
“While traditional banks are growing more cautious about transactions between Asia and Latin America, this opens the door for innovative non-bank players to lead the next wave of compliant, cross-border payments,” he added.
Having raised over US$500 million to date, including a US$150 million round led by Tiger Global Management, Xendit is now valued among Southeast Asia’s most prominent fintech unicorns. The company also plans to launch operations in the United States and Australia in 2026, further extending its global footprint.
As an early investor, ACV Capital continues to support Xendit’s mission to build the digital infrastructure that powers financial inclusion and cross-border commerce in emerging markets.
By leveraging its experience scaling digital finance across Southeast Asia, Xendit is well-positioned to accelerate financial digitization and cross-border trade in Latin America, where both regions share similar opportunities and complexities in emerging market growth.
