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.
DealStreetAsia
Indonesian fintech startup Flip raises $48m co-anchored by Sequoia
Company seeks to become free-of-charge digital banking platform
Interbank transfers are the dominant payment method in Indonesia's fast-growing digital economy, according to venture capital fund Sequoia India. © Reuters
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