Indonesia’s Flip Raises $55 Million in Second Series B Round Led by Tencent
Flip, an Indonesia-based consumer payments platform, announced Tuesday a second close of a Series B funding round led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.
Flip said in a statement that a number of eminently experienced operators participated in this extension round, including Guillaume Pousaz, Founder and Chief Executive Officer of Checkout.com (through Zinal Growth); Gokul Rajaram, Executive at Doordash and Board Member at CoinBase and Pinterest; and Michael Vaughan, Former Chief Operating Officer (COO) of Venmo.
This new funding brings Flip’s total Series B to more than $100 million and follows on the heels of Flip’s first Series B round in December 2021 which was co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners.
Photo courtesy of ILO Asia-Pacific.
Source: TechNode Global (link opens in a new window)
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