CEBU, Philippines -- Indonesian consumer payment platform Flip has raised $48 million in a Series B funding round co-anchored by Sequoia Capital India, Insight Partners and Insignia Ventures.
The fintech startup, a pioneer in free-of-charge digital bank transfers, announced the fundraising on Wednesday. It will use the fresh capital to accelerate its expansion and beef up its operations in Indonesia. It also plans to invest further in technology and hire more people, said in the announcement.
