Top 10 Asian Startups with the Largest Funding, Xendit Makes the List

Reza Pahlevi 13/07/2022 19:00 WIB

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Xendit was listed among the top 10 best-funded Asian startups in Q2 2022.

Top 10 Asian Startups with the Largest Funding (Q2 2022)

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Top 10 Asian Startups with the Largest Funding (Q2 2022)

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Although the investment trend in startups is declining, several Indonesian technology startups are still able to secure large funding.

One of them is Xendit. This fintech company received US$300 million in Series C funding in May 2022.

This achievement placed Xendit among the top 10 Asian startups with the largest funding in Q2 2022.

Xendit is the only Indonesian company on this list. Four other startups are from India, three from China, one from Singapore, and one from the United Arab Emirates.

The top spot was taken by Indian telecommunications startup VerSe Innovation, which received US$805 million in funding.

Similar to the global scale, startup funding in Asia has recorded a decline for two consecutive quarters. In Q2 2022, the total value of funding in Asia fell 24.6% quarter-on-quarter (qoq) to US$27 billion.

(See also: 23,000 Global Startup Employees Laid Off in Q2 2022)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."