Xendit Valuation, Funding & Investors

Korea Credit Data is a Seoul-headquartered fintech provider serving over 2 million merchants with business management, customer analytics, POS systems, payment processing, and marketplace services. Through subsidiaries like Korea Payment Networks, IMU for POS, and Korea Credit Service as a credit bureau, it holds the first CB license issued in 17 years. Backed by investors including Temasek's Pavilion Capital, Morgan Stanley Tactical Value, Kakao, KB Kookmin Bank, Hanwha Life, Shinhan Card, Dunamu's Upbit, GS25, and Fiserv, the group has raised over $220 million.

Huochebang is a Guiyang-headquartered online freight platform, now operating as Full Truck Alliance listed on the New York Stock Exchange. The company connects millions of truck drivers with shippers through its O2O marketplace, providing load matching, payment processing, and logistics tracking services across China. Founded in 2013, it dominates the domestic digital trucking sector with nationwide coverage.

Jumbotail is a Bengaluru-based B2B e-commerce marketplace for food and grocery distribution in India. Launched in 2021 with $25 million in funding from Tiger Global, it connects 50,000 kirana stores to 1,000 brands for staples, packaged foods, home care, and personal care products. Services include logistics, POS integration, and credit for retailers.

Zhaogang.com is a steel trading information service platform launched in 2012 for buyers and suppliers in China. The website secured ten million dollars in angel funding by the end of 2011 and operates via zhaogang.com.

Zilingo is a B2B e-commerce platform connecting fashion brands, manufacturers, and retailers across Southeast Asia. Singapore-headquartered and launched in 2015, it offers supply chain tools for sourcing apparel, accessories, and beauty products from over 100,000 suppliers. The platform facilitates transactions worth hundreds of millions annually through Zilingo Analytics for demand forecasting and Zilingo Pay for financing. Backed by investors like Sequoia Capital India, Zilingo serves brands in Indonesia, Thailand, and the Philippines, streamlining procurement with AI-driven matching and logistics integration.

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes and connects businesses with AI-enabled talent across every on-demand work type, including freelance, agency, fractional, and payrolled. The business generates revenue from Talent and Clients across the USA, India, Pakistan, the Philippines and the rest of the world. Maximum revenue of the company is derived from Talent segment.

Rivigo is a tech-driven logistics provider offering truckload transportation and freight marketplaces in India. Gurgaon-headquartered Rivigo operates relay-based trucking on national highways, serving e-commerce giants like Flipkart and automotive firms with cold chain capabilities. The platform features GPS-enabled driver handoffs and algorithmic pricing for full truckloads.

JSW One MSME is a Mumbai-based steel procurement platform linking small and medium enterprises to raw materials from JSW Steel and other mills. The service provides galvanized, color-coated, and structural steel products with logistics, financing, and technical support. Operating warehouses in key industrial hubs like Pune, Chennai, and Hyderabad, it caters to fabrication shops, construction firms, and manufacturers across India.

Globality is a Redwood City-headquartered AI sourcing platform that matches enterprises with suppliers across service categories, reducing procurement time from months to hours and achieving 20 percent cost savings through automated need scoping and supplier matching.

Choco is a Berlin-headquartered B2B platform connecting 50,000 European restaurants with 10,000 suppliers for ingredient orders. Founded in 2018, its app mimics consumer interfaces with chat and ordering lists, processing €4 billion in orders annually. Available in Germany, France, and the UK, Choco raised $150 million in funding and partners with Metro AG and Sysco for digital procurement.

Tul is a Bogotá-headquartered online marketplace for construction materials in Colombia. It connects buyers to suppliers of cement, steel, and tools from brands like Cemex, with same-day delivery in Medellín and Cali. Launched in 2020, Tul serves contractors via a mobile app tracking 50,000 SKUs across 10 warehouses.

Provi is a Chicago-headquartered digital marketplace connecting alcohol buyers, distributors, and suppliers across the United States. Launched in 2016, the platform streamlines wholesale ordering for on-premise bars and off-premise retailers in 30 states, capturing 10 percent of licensed U.S. retailers by 2022. Provi integrates with SevenFifty for enhanced content and analytics, serving major distributors like Southern Glazer's Wine & Spirits and thousands of beverage suppliers.

Reibus is a digital marketplace connecting steel buyers and sellers with integrated logistics for seamless transactions. Chicago-headquartered, it offers features like anonymous bidding, real-time pricing from suppliers in North America, and managed trucking for deliveries across the United States and Canada.

Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods and food products. Most of the stores are located in Kyushu Region, Chugoku Region, and Shikoku Region in Japan. The company operates through segments including retail, retail-peripheral operations, and other. The retail segment is engaged in the retail business through shopping centres. The retail-peripheral operations segment consists of a credit and finance business, shop facility management, and restaurant operation, which deliver the vast majority of the business' income. The other segment includes wholesale and real estate operations.

Medikabazaar is India's largest B2B online marketplace for medical supplies and equipment, linking healthcare providers with suppliers across urban and rural areas. Mumbai-headquartered, the platform connects over 50,000 medical establishments and 150,000 independent practitioners to 13,000 suppliers nationwide. Its network includes 26 fulfillment centers enabling last-mile delivery of essentials like PPE, diagnostics, and pharmaceuticals. During the COVID-19 pandemic, Medikabazaar supplied critical equipment to hospitals in Tier 2 and Tier 3 cities, establishing dominance in the fragmented Indian healthcare supply chain since its 2018 founding.

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

Deluxe Corp is principally a payments and data company. Its reportable segments are: Merchant Services, B2B Payments, Data Solutions, and Print. Maximum revenue is derived from its Print segment, which provides printed personal and business checks, business essentials, as well as branded promotional, print, apparel, and digital storefront solutions. The Merchant Services segment provides electronic credit and debit card authorization, payment systems, and processing services. The B2B segment offers treasury management solutions, integrated accounts payable disbursements, and fraud and security services, and the Data Solutions segment offers data, analytics, and marketing services, as well as financial institution profitability reporting and business incorporation services.