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.
- Total Equity Funding$103M (USD)
in 4 rounds
- Latest Funding Round$55M (USD), Series B
Jun 2022
- InvestorsTencent
& 7 more
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.
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.
- Total Funding $103M
- Total Rounds 4
- Last Round Series B — $55M
- Investors Count 8
All 4 funding rounds of Flip with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $55M | Series B | – | Tencent | |
| Dec 2021 | $48M | Series B | – | Insight Partners, Insignia Ventures Partners | – |
| Jun 2020 | – | Series A | – | Peak XV Partners | – |
| Sep 2019 | – | Seed | – | Insignia Ventures Partners, Peak XV Partners | – |
8 investors in total: 5 institutional and 3 angel.
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 |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | – | insightpartners.com | - | |
Venture capital services and app-based platform requiring JavaScript. | – | insignia.vc | - | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Technology for economic empowerment is built by Block. | 2009 | block.xyz | San Francisco, United States | |
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
GP Guillaume Pousaz | Founder of Checkout.com, billionaire entrepreneur, active angel investor in fintech. | – | unknown_b19eb1fd96504a4fb | - |
GR Gokul Rajaram | Angel investor, product leader at DoorDash, ex-Google, Square | – | unknown_2add8282657b4152b | - |
MV Michael Vaughan | Angel investor in Indian startups, focused on tech and innovation. | – | unknown_53d61bdd644f4bd3b | - |
Investor details for Flip
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Flip
6 people are tracked at Flip (6 in leadership).
| Name | Role | Group |
|---|---|---|
Ginanjar Ibnu Solikhin | Co-Founder | Leadership |
Luqman Sungkar | Co-Founder | Leadership |
Rafi Putra Arriyan | Co-Founder & CEO | Leadership |
Pratyush Prasanna | CEO & MD | Leadership |
Galih Putra Laksana Adi | CEO Office | Leadership |
Annissa C Soebandono | CEO Office | Corporate Strategy Specialist | Leadership |
Complete people profiles for Flip
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Flip
3 dated milestones of Flip across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Flip is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $55.0M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| dana.id | 2017 | Jakarta, Indonesia | $250M | – | Digital wallet | |
| ovo.id | 2017 | Jakarta, Indonesia | – | – | OVO is recognized as a smart digital payment application. | |
| linkaja.id | 2019 | Jakarta, Indonesia | $100M | – | Mobile payments are enabled via app for consumers in Indonesia. | |
| ascendmoneygroup.com | 2013 | Bangkok, Thailand | $345M | – | Financial services platform for individuals | |
| carepay.com | 2015 | Amsterdam, Netherlands | $61.81M | – | Provider of a health insurance platform for global insurers | |
| i-saku.com | 2014 | Jakarta, Indonesia | – | – | Electronic money platform for payments, transfers, and bill payments via mobile app. | |
| viapulsa.com | 2010 | Madiun, Indonesia | – | – | Functions as a mobile wallet app for secure consumer payments. |
Detailed competitors of Flip
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Flip
The website of Flip (flip.id) receives about 459.8K visits a month.
- Monthly visits459.8K
▲ 3% vs previous month
Websites whose visitors overlap most with Flip. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ahu.go.id | ahu.go.id | 100% | – | – | – |
| doku.com | 100% | 975.9K | #37,584 | View details | |
| reddit.com | 92% | 4.4B | #9 | View details | |
| github.com | 90% | 542.6M | #65 | View details | |
| tiktok.com | 89% | 3.2B | #7 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Flip
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Flip
Complete news archive for Flip
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Flip
10 companies that operate in the same segment as Flip (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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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.
Flip operates through Pt Fliptech Lentera Inspirasi Pertiwi.
The website of Flip receives about 460 thousand visits a month.