Meet Flip! They're one of Indonesia's favorite fintechs, powering everything from bank transfers and e-wallet top-ups to payroll and customer refunds. Oh, and they've just announced the second close of their Series B— bringing in an additional $55M.

• They've grown from 7M users last December to 10M in Indonesia.

Who cashed in? Tencent led the round. Block (once known as Square), Insight Partners and Guillaume Pousaz (Checkout.com CEO)'s Zinal Growth also joined in.

• 👼🏻: Gokul Rajaram (Doordash exec) and Michael Vaughan (ex-COO of Venmo).
• This is Jack Dorsey-led Block's first investment in Southeast Asia.
• Last December, they raised $48M in the first close of their Series B.

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💁🏻‍♀️ For you and I

Flip's your friend because they help you save! With them, extra-low costs and fee-free transfers are here to stay.

Don't waste tons of cash on fees. Transfer to anyone from over 100 banks with zero transfer fees. Oh, and top up your e-wallet too.

One place to spend (and save). Buy phone credits and mobile data and pay for your electricity bill at lower prices.

Around the world. Send money from Indonesia to 48 countries quickly, securely and easily.

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💰For the biz

On top of their existing B2C products, they also added business solutions. Handle employee payroll, customer refunds, invoices and supplier payments and even international transfers on Flip Business!

• They're loved by over 100 businesses like Tiket.com, Ruangguru, Tokopedia, Grab and Payfazz.

Easy in. Easily integrate with Flip through their API and their online business dashboard.

Bulk payments. Send money to multiple people at once — in just minutes.

Get that cash. Accept payments through payment links and get the money instantly. You can even automate it!

Everybody makes mistakes. But Flip's here to help you avoid double transfers and sending to the wrong recipient.

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🔜 Flippin' to the future

They'll be growing the team with a focus on engineering and product, expanding their business and investing in new products and tech.