Flip: Raises $48 million
- Flip, Indonesia’s leading consumer payment platform, announced that it has raised $48 million in a Series B funding
- Round co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners
- This investment round also marks Insight Partners’, a New York-based global private equity and venture capital firm
- Plans to use this round of funding to further accelerate its business expansion, strengthen its operations in Indonesia
- Invest in technology to provide a higher quality of service, and expand its workforce with a focus on engineering
- Aims to change this by helping individuals and businesses to eliminate complexity
