-17%

est. 2Y upside i

FinTechSeries D+

Provides payment infrastructure for Southeast Asia

Rank

#2684

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Medium

The expected equity upside over 2 years is -16.7%, making this a risky proposition for a job candidate.

Last updated: July 19, 2026

Bull (15%)+28%

Exit multiple holds at 20x on projected revenue of $155M, yielding $3.1B exit. Bull driver: accelerated market share gains from new country launches (Thailand, Malaysia) and potential IPO announcement.

Base (50%)-9%

Multiple converges to 15x on $155M revenue, implying $2.33B exit. Base case assumes continued growth but increased competition compresses multiples, and 20% dilution reduces common upside.

Bear (35%)-46%

Multiple compresses to 10x on $155M revenue, giving $1.55B exit. Preference of $554M leaves common with ~$1B, but dilution and slower growth drive steep downside.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

26%

Total funding of $554M represents 26.4% of entry valuation, creating significant overhang for common stock.

Dilution Risk

high

Given the latest round was over 3 years ago and the company is not yet profitable, a fundraising round within the next 2 years is likely, diluting common equity by ~20%.

Secondary Liquidity

moderate

Secondary market transactions at $2.1B valuation suggest some liquidity for existing shareholders, but frequency is unknown.

Other — 19 roles

View all 19 open roles at Xendit →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Xendit's data — designed to show you've done your homework.

  • 1

    “How does Xendit differentiate from Stripe in the Southeast Asian market, and what specific regulatory barriers protect your moat?”

  • 2

    “Given the 2022 Series D and no recent funding, what is the company's cash runway and path to profitability?”

  • 3

    “What is the current capital structure and employee equity pool size, and has there been any secondary tender offer for employees?”

Community

Valuation Sentiment

Our model estimates -17% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.