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Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent.
Flip raised a $55 million Series B extension led by Tencent and joined by Block and Insight Partners.
KEY POINTS
- Flip's total funding now stands at $120 million, but its current valuation remains undisclosed.
- Block's participation marks one of its first investments in Asia after Kyash in Japan.
- Flip now serves over 10 million Indonesian users and processes more than $12 billion in transactions annually.
- The new funding will primarily expand Flip's engineering and product teams and accelerate technology development.
COMPANIES
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