Flip - About the company
Flip is a series B company based in Depok (Indonesia), founded in 2016 by Rafi Putra Arriyan, Ginanjar Ibnu Solikhin and Luqman Sungkar. It operates as an App-based wallet for consumers and businesses. Flip has raised $120M in funding from investors like Peak XV Partners, Insignia Ventures Partners and Insight Partners. The company has 53 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Grab, BigPay and DANA.
Company Details
App-based wallet for consumers and businesses. It facilitates services such as money transfers, bill payments, online/offline payments, and more. It also provides a business account that can be used for receiving payments from customers.
- Website
- flip.id/id
- Social
- Email ID
- *****@flip.id
- Phone Number
- +62 **********
Key Metrics
Founded Year
2016
Location
Depok, Indonesia
Stage
Series B
Total Funding
$120M in 4 rounds
Latest Funding Round
Investors
Ranked
4th among 53 active competitors
Employee Count
666 as on Sep 30, 2026
Sign up to download Flip's company profile
Flip's funding and investors
Flip has raised a total funding of $120M over 4 rounds. Its first funding round was on Sep 09, 2019. Its latest funding round was a Series B round on Jun 14, 2022 for $*****. 6 investors participated in its latest round. Flip has 6 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Flip:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 14, 2022 | 1456072 | Series B | 7717975 | 5624523 | 1931812 | 7959296 |
Dec 08, 2021 | 5810352 | Series B | 8712657 | 1862965 | 6908456 | 5181445 |
2020 | 2921 | Series A | 9601 | 9696 | 9271 |
Access funding benchmarks and valuations. Sign up today!View details of Flip's funding rounds and investors
Flip's founders and board of directors
Founder? Claim ProfileThe founders of Flip are Rafi Putra Arriyan, Ginanjar Ibnu Solikhin and Luqman Sungkar. Rafi Putra Arriyan and Pratyush Prasanna are the CEOs of Flip.
Here are the details of Flip's key team members:
- Rafi Putra Arriyan: Co-Founder & CEO of Flip and founder of 1 other company.
- Ginanjar Ibnu Solikhin: Co-Founder of Flip.
- Luqman Sungkar: Co-Founder of Flip. Contact Info: 1 email address
View details of Flip's Founder profiles and Board Members
Flip's employee count trend
Flip has 666 employees as of Sep 26. Here is Flip's employee count trend over the years:
Uncover Flip's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Flip's Competitors and alternates
Top competitors of Flip include Grab, BigPay and DANA. Here is the list of Top 10 competitors of Flip, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of a platform providing ride-hailing, food delivery, and payment services | $10.4B | 88/100 | ||
2nd | Provider of digital wallet services for payments, transfers, and budgeting | $100M | 65/100 | ||
3rd | Digital wallet | $250M | 63/100 | ||
4th | App-based wallet for consumers and businesses | $120M | 64/100 | ||
5th | Mobile based payment applications for consumers and merchants | - | 59/100 | ||
6th | App-based mobile payment platform for consumers | $100M | 51/100 | ||
7th | Wallet for consumer payments | - | - | 48/100 | |
8th | Wallet-enabled money transfer and bill payment solutions for consumers | - | - | 47/100 | |
9th | Sharia-compliant payment platform | - | - | 45/100 | |
10th |  Ascend Money 2013, Bangkok (Thailand), Series D | Financial services platform for individuals | $345M | 45/100 |
_1568786223926.png?devicePixelRatio=2&height=30&width=30){kind=logo}
_1579260304959.png?devicePixelRatio=2&height=30&width=30){kind=logo}
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Flip's competitors? Click here to see the top ones
Flip's Investments and acquisitions
Flip has made no investments or acquisitions yet.
Reports related to Flip
Here is the latest report on Flip's sector:
News related to Flip
Filter this list•
Olist launches credit for SMEs and strengthens ecosystem with Flip acquisitionGrupoglobo•Aug 04, 2025•Olist, Flip, Flip
•
•
•
•
•
Tencent leads $55m round of Indonesian payments firmTech in Asia•Jun 15, 2022•FLIP-INC.COM, Tencent, Flip, Block and 2 others
•
Flip Secures Second Close of Series B, Bringing the Total Series B Round to Over $100 MillionUserwalls•Jun 14, 2022•Flip, Tencent, Insight Partners, Block and 10 others
•
•
•
Flip collaborates with Bank Permata to eliminate interbank transfer feesIDNFinancials•Nov 08, 2019•Flip, PermataBank
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Flip
Explore our recently published companies
- Jack Wallington - United Kingdom based, Unfunded company
- feedstim.com - 2011 founded, Unfunded company
- Vital Links for Occupational Therapists - Madison based, 1998 founded, Acquired company
- OverDrive Japan - Japan based, Unfunded company
- Texas Keeper Cider - Manchaca based, 2013 founded, Unfunded company
- National Insurance Academy, Pune - Pune based, 1980 founded, Unfunded company
