The extension – joined by angels together with Checkout.com founder Guillaume Pousaz and former Venmo COO Michael Vaughan – brings Flip’s whole Collection B to greater than $100 million.
Based by three College of Indonesia alumni whereas nonetheless learning, Flip provides P2P funds with interbank transfers to greater than 100 home banks, worldwide remittances, e-wallet top-ups, and enterprise answer merchandise.
The agency will use the brand new capital to ramp up its 400-strong workforce with a concentrate on engineering and product groups, put money into new product and know-how improvement, and speed up its enterprise enlargement.
Rafi Putra Arriyan, CEO, Flip, says: “We’re laser-focused on serving to tens of millions of Indonesians, each people and companies, execute numerous cash transactions at a low price by way of our platform.”,Indonesian funds platform Flip has raised $55 million in a Collection B extension spherical led by Tencent, with participation from Block.,
