December 8

Indonesian Fintech Flip Secures $48 Million in Series B To Support Expansion

By Kate Park

Flip, an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65million. 

Sequoia Capital India, Insight Partners and Insignia Ventures Partners co-led the Series B round. Flip is Insight Partners’ first investment in Indonesia. 

The startup plans to use the fresh capital to accelerate its business expansion further, strengthen its operations in Indonesia, advance technology and expand its engineering and product teams. 

Photo courtesy of lau rey.


Source: TechCrunch (link opens in a new window)

financial inclusion, fintech, startups