Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insight Partners.
Additionally, a number of other investors, including founder and CEO of Checkout.com Guillaume Pousaz; executive of Doordash and board member of Coinbase and Pinterest Gokul Rajaram and former Venmo COO Michael Vaughan participated in the extension.
The latest funding, which follows its first Series B raise of $48 million in December last year, brings Flip’s total raised to $120
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Tencent, Block back Indonesian fintech platform Flip with $55M Series B extension
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