About Flip
Flip is a company based in Depok (Indonesia) founded in 2016 by Ginanjar Ibnu Solikhin, Luqman Sungkar, and Rafi Putra Arriyan. It operates as a FinTech and Commission-Based. Flip has raised $103 million across 4 funding rounds from investors including Tencent, Block and Peak XV Partners. Flip offers products and services including Interbank Transfer, E-Wallet Top-Up, International Transfer, and Digital Products. Flip operates in a competitive market with competitors including MoneyGram, DANA, OVO, LinkAja and Ascend Money, among others.
- Headquarter Depok, Indonesia
- Founders Ginanjar Ibnu Solikhin, Luqman Sungkar, Rafi Putra Arriyan
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Pt Fliptech Lentera Inspirasi Pertiwi
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$103 M (USD)
in 4 rounds
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Latest Funding Round
$55 M (USD), Series B
Jun 14, 2022
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Investors
Tencent
& 7 more
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Employee Count
Not available
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Products & Services of Flip
Flip offers a comprehensive portfolio of products and services, including Interbank Transfer, E-Wallet Top-Up, International Transfer, and Digital Products.
Free transfers between over 100 Indonesian banks are provided.
Top-ups for various digital wallets are facilitated affordably.
Money transfers to over 55 countries are supported.
Affordable purchase of credit, electricity, and data is offered.
People of Flip
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Funding Insights of Flip
Flip has successfully raised a total of $103M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $55 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Flip
Flip has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, Block and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Venture capital services and app-based platform requiring JavaScript.
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Venture capital firm investing in startups and providing support programs.
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Investor details for Flip
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Investments & Acquisitions by Flip
Investment portfolio details for Flip
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Financial Statements - Flip
Detailed financials for Flip
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Flip Comparisons
Peer comparison for Flip
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Competitors of Flip
Flip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, DANA, OVO, LinkAja and Ascend Money, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Digital wallet
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OVO is recognized as a smart digital payment application.
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Mobile payments are enabled via app for consumers in Indonesia.
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Financial services platform for individuals
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Detailed competitors of Flip
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Latest news on Flip
Complete news archive for Flip
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Frequently Asked Questions about Flip
Flip was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Flip is headquartered in Depok, Indonesia. It is registered at Depok, West Java, Indonesia.
Rafi Putra Arriyan is the current CEO of Flip. They have also founded this company.
Flip is a funded company, having raised a total of $103M across 4 funding rounds to date.
Flip is operated as a financial services provider focusing on affordable money transfers across over 100 banks in Indonesia. Services are extended to e-wallet top-ups, international transfers to over 55 countries, and digital product purchases like credit and data. The company is licensed by Bank Indonesia, ensuring secure transactions in the financial sector.
Flip offers Interbank Transfer, E-Wallet Top-Up, International Transfer, and Digital Products.
Flip has 8 investors. Key investors include Tencent, Block, Peak XV Partners, Insight Partners, and Guillaume Pousaz.