FlipSeries B
Freemium model for consumers (zero-fee transfers with optional premium); B2B services for payroll disbursement, supplier payments, and international transfers. Processes $12B+ annually.
Investment Thesis
"Addresses fragmented Indonesian banking (100+ banks); massive interbank transfer market ($2.2T annually); strong retention metrics."
Recent Signals
- 011,000+ business clients.
- 02Forbes 30 Under 30 recognition for founders.
- 0313M+ users.
- 04International remittance expansion.
Key People
- RRafi Putra Arriyan
- LLuqman Sungkar
- GGinanjar Ibnu Solikhin
Cap Table
Similar Companies
The "Stripe of Southeast Asia". Payment gateway building digital financial infrastructure, processing $70B+ annually across Indonesia, Philippines, Malaysia, and Thailand.
Indonesia's first payment gateway provider. Pioneer in digital payments serving enterprise clients for 17+ years.
Verified Funding History
| Round | Date | Amount | Participating Investors |
|---|---|---|---|
| Series B | Jun 2022 | US$ 55M | Tencent (lead), Block Inc., Insight Partners, Sequoia Capital India, Insignia Ventures |
| Series B | Dec 2021 | US$ 48M | Sequoia India, Insight Partners, Insignia Ventures |
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