# Flip: Financial services, Jakarta, Indonesia

> Flip: Flip is an Indonesian financial technology company based in Jakarta, specializing in money transfer solutions. Based in Jakarta, Indonesia. Founded 2016.

Source: https://millionrounds.com/startup/flip-9 (Millionrounds; every figure on the page links to its filing or article)

Indonesia · [Financial services startup](https://millionrounds.com/companies)

# Flip

Flip is an Indonesian financial technology company based in Jakarta, specializing in money transfer solutions.

Funding reported Last round: Series B

Financial services Jakarta, Indonesia

Company summary

- **Founded:** 2016 10 years old
- **Team:** 450 201 to 1,000 people
- **Funding reported:** 120M as listed, currency not stated
- **Last round:** Series B Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Flip has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Flip

Flip is an Indonesian financial technology company based in Jakarta, specializing in money transfer solutions.

Founded in 2015 by Rafi Putra Arriyan, Luqman Sungkar, and Ginanjar Ibnu Solikhin, Flip provides free interbank money transfer services, allowing users to send money between different banks without incurring transaction fees. The company has successfully served over 13 million users and more than 1,000 small and medium enterprises. The primary offering is a mobile application that facilitates seamless fund transfers across various Indonesian banks. Additionally, Flip provides tailored services for businesses, enabling efficient management of mass transfers and financial operations. The platform is accessible on both iOS and Android devices, catering to individual consumers and corporate clients alike.

## What company datasets say Flip raised

Funding, as reported

Reported in all **120M** in the source's currency

Rounds **4**

Last round **Series B**

Last round size **55M**

Last round date **Jun 2022**

Investors listed **9**

## The company, in detail

What they build

Known for

transaction fees mobile payments user experience digital payments cross-border transfers reserve user-friendly app digital payment security mobile financial services payment automation digital banking indonesia information technology & services payment system integration financial services mobile app finance

Built with from their website

Amazon SES Excel Impact Google Sheets dbt React Native CallMiner Eureka Google Cloud Google Ads Chai YouTube

+8 more

Microsoft Project Google Workspace CloudFlare Akamai Connected Cloud LinkedIn Ads DATAflow Google Drive AppsFlyer

- **Sector:** Financial services
- **Industry code:** NAICS 522320, 518210, SIC 6099
- **Region:** Jakarta
- **Revenue:** 18.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/flip-44eff20282)

## Financial services in Indonesia

Startups like it

- [**KoinWorks** South Jakarta · founded 2016 *Raised*](https://millionrounds.com/company/koinworks)
- [**Akseleran** founded 2016 *Raised*](https://millionrounds.com/company/akseleran)
- [**UangTeman** South Jakarta · founded 2014 *Raised*](https://millionrounds.com/company/uangteman)
- [**JULO** founded 2016 *Raised*](https://millionrounds.com/company/julo)
- [**CROWDE** founded 2015 *Raised*](https://millionrounds.com/company/crowde)
- [**Moduit Digital Indonesia** founded 2018](https://millionrounds.com/startup/moduit-digital-indonesia)
- [**FinAccel** Jakarta · founded 2016](https://millionrounds.com/startup/finaccel-2)
- [**Investree** South Jakarta · founded 2015](https://millionrounds.com/startup/investree)

## Is this your company?

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