These Entrepreneurs Raised $530 Million To Build Southeast Asia’s Fastest Growing Payment Solution For SMBs
Moses Lo and Tessa Wijaya recently added another $300M to their funding to help enable the next generation of successful SMEs and large enterprises. On the Dealmakers Show, Moses and Tessa shared the steps to starting a successful business, their insights on building a team, raising your seed round, and how they are providing the infrastructure for others to run their businesses.
Moses Lo and Tessa Wijaya, co-founders of Xendit, recently added another $300M to their funding to help enable the next generation of successful SMEs and large enterprises.
On the Dealmakers Show, Moses and Tessa shared the steps to starting a successful business, and their insights on building a team, raising your seed round, and how they are providing the infrastructure for others to run their businesses.
Listen to the full podcast episode and review the transcript here.
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- 1. Finding Your Cofounder
- 2. The Steps To Starting A Successful Business
- 3. Raising Your Seed Round
Finding Your Cofounder
Moses Lo was born in Singapore and grew up throughout Southeast Asia. For university he went to Australia, before coming to the US to study at Berkeley.
Prior to launching his current startup Xendit, Lo spent time in consulting, and a short stint working at Amazon.
Consulting is always good practice for learning to put together slides and Powerpoint presentations, as well as breaking down big problems into little ones. Notwithstanding this, Moses said that he really wanted to get to executing on things.
He augmented his on the job training by working on some side hustles to teach himself to execute on specific things, including a high end, tailor made suit business which taught him how to sell and then an ecommerce business in ties to learn SEO and how to rank on Google.
However, it was speaking to one of his professors in Silicon Valley that really triggered him to launch a big startup. His professor told him not to bother him with any new business ideas unless it was worth at least a billion dollars.
While that first felt like a reprimand, he is now grateful that this professor was the one to believe that he could come up with a billion dollar idea.
Key to bringing it all together was meeting his cofounder Tessa Wijaya. They were introduced by a mutual friend and customer. They met at a coffee shop in Jakarta, and found that they had instant chemistry.
Tessa was born and grew up in a small town in West Java, in Indonesia. Later, she also moved to Australia and the US to continue her studies.
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