Flip is an Indonesia fintech that offers consumer payment services, and facilitates reliable transactions from anywhere to anyone. The Series B investment round was led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners. Some of Flip’s products are online peer to peer payments with bank transfers to more than 100 domestic banks, international remittances, digital wallet top-ups and business solutions. In addition, Flip provides business solutions for hundreds of companies with various industrial scales, including MSMEs. These solutions include disbursement and remittances such as employee payroll, customer refunds, invoice/supplier payments, and international transfers. There are now over 7 million Flip users. Flip plans to use the fresh funds to accelerate business growth and strengthen operations in Indonesia.
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