Work Here?
Overview
Flip.id operates a mobile fintech app that enables interbank transfers at lower fees and e-wallet top-ups for DANA, OVO, GoPay, ShopeePay, and LinkAja. It links with over 100 banks to move money between different banks and offers Flip Globe for Indonesia-to-55+ country international transfers. The app also provides digital products like mobile credit, data, electricity tokens, and various bill payments. Regulated by the Bank of Indonesia, it prioritizes secure transactions and earns mainly from small per-transaction fees, aiming to offer affordable and convenient financial services for domestic and international needs.
About Flip
Industries
Consumer Software
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Series B
Total Funding
$134M
Headquarters
Indonesia
Founded
2019
Get referred to Flip
See people who can refer or advise you
Simplify's Take
What believers are saying
- Flip raised a $28 million extension and funded AI and global expansion.
- Mohammed Alabsi joined as CTO, strengthening product and engineering execution.
- Selected Jakarta merchants already use Flip Kasir, proving early merchant demand.
What critics are saying
- QRIS incumbents and Telkomsel already sell soundbox-style merchant devices in Indonesia.
- Flip announced layoffs in 2024, and sustainability pressure remains visible.
- Merchant hardware is low-margin; Paytm can commoditize Flip Kasir quickly.
What makes Flip unique
- Flip Kasir brings Paytm Soundbox to Jakarta merchants, launched July 2026.
- Flip integrates transfers, e-wallet top-ups, bill pay, and Flip Globe remittances.
- Flip still runs independently from banks, preserving a cost-led consumer brand.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$134M
Above
Industry Average
Funded Over
4 Rounds
Insight PartnersIndustry standards
Benefits
Paid Vacation
Company Equity
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Paytm is partnering with Indonesian fintech Flip to launch its Soundbox payment device in Jakarta. The countertop device provides voice confirmation of successful digital payments, allowing merchants to verify transactions without checking phone screens. Flip will manage local operations whilst Paytm supplies the technology and expertise from serving millions of Indian merchants. The launch targets Indonesia's Quick Response Code Indonesian Standard (QRIS) market, which enables merchants to accept payments from any QRIS-enabled application through licensed providers. The partnership enters an established market, with similar QRIS soundbox devices already available. Telkomsel also offers voice-notification QRIS solutions through partners. The static QRIS system primarily serves micro and small merchants across Indonesia.
Flip, described as Indonesia's biggest independent financial technology group, has named Mohammed Alabsi as its new chief technology officer.
Olist has acquired the fintech Flip, marking its entry into the credit market. The acquisition includes the creation of a R$90 million FDIC to finance receivables anticipation operations. This move accelerates Olist's growth plans and strengthens its position as an integrated platform for small and medium-sized businesses. The deal, paid in cash and shares, makes Flip's founders, Gustavo Traballe and Raphael Levi, partners and executives at Olist. The transaction value was not disclosed.
Flip secured a $28 million Series A extension led by existing investors, including LEA Partners and Notion Capital. The funding will enhance AI capabilities and support global expansion. Flip's AI solution automates shift planning and onboarding, boosting productivity and engagement. The company, founded by Benedikt Brand, has raised over $60 million since 2018 and serves 500+ companies. Simon Eck joins as SVP Global Sales to aid international growth.
Stuttgart-based Flip has secured a €25 million Series A extension to enhance AI capabilities for deskless workers. Led by existing investors, the funding will support the development of Flip Intelligence, an AI-powered solution for automating shift planning, knowledge management, and more. Founded in 2018, Flip has raised over €52 million and serves over 500 companies. The investment aims to boost productivity and efficiency for deskless teams.
There are no jobs for Flip right now.
Find jobs on Simplify and start your career today
About Flip
Industries
Consumer Software
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Series B
Total Funding
$134M
Headquarters
Indonesia
Founded
2019
There are no jobs for Flip right now.
Find jobs on Simplify and start your career today