Tencent leads Indonesian fintech firm Flip's $55m final close in Series B

Tencent leads Indonesian fintech firm Flip's $55m final close in Series B

Flip COO Gita Prihanto (left), co-founder Ginanjar Ibnu Solikhin (upper center), CTO Luqman Sungkar (right), and CEO Rafi Putra Arriyan (lower center). Photo courtesy of Flip.

Indonesia’s consumer payment platform Flip has secured the second close of its Series B funding round at $55 million, led by Tencent with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners. This takes Flip’s total funding in this financing round to more than $100 million.