Asean Ahead: Unicorn Xendit Targets SEAsia Expansion

The video discusses the company's current backers, including Tiger Global and Excel, and their success in the Southeast Asian market, particularly in Indonesia and the Philippines. It highlights the digital transformation of SMEs due to the pandemic and the company's focus on B2B services. The company plans to expand further in Southeast Asia, offering banking as a service to support digital payments. They emphasize the importance of localization and risk assessment in their expansion strategy.

Which investors are currently backing the company?

• Sequoia Capital and SoftBank

• Tiger Global and Excel

• Andreessen Horowitz and Benchmark

• Lightspeed and Greylock

What has been a significant change for SMEs post-pandemic?

• Decreased need for digital presence

• A surge in online adoption

• More reliance on physical stores

• Increased offline sales

What is the company's primary focus in the fintech ecosystem?

• Creating a new cryptocurrency

• Offering personal loans

• Developing payment infrastructure for startups

• Building consumer-facing apps

What is the company's approach to competition in the fintech space?

• Aggressively acquiring competitors

• Staying within their B2B niche

• Focusing on consumer fintech

• Entering the cryptocurrency market

What is one of the company's core initiatives for the future?

• Providing banking as a service

• Launching a new social media platform

• Developing a new e-commerce site

• Creating a travel booking app

What is a key challenge in expanding regionally in Southeast Asia?

• Lack of digital infrastructure

• High competition from local startups

• Cultural and market diversity

• Uniform market conditions

How has the company performed in the Philippines since expansion?

• Faced regulatory challenges

• Grew rapidly to become a top player

• Became the leading company

• Struggled to gain market share