Tencent led a $55m Series B round in Flip.

Tencent, a technology and entertainment conglomerate, led a $55m Series B round in Flip, a fintech company, with participation from Block and Insight Partners. “We are humbled to receive trust and continuous support from our investors. We are also thrilled to welcome Tencent and Block, who share the same purpose of making fintech accessible to everyone in Indonesia. The knowledge and expertise from our strong partners, both renowned global firms and angel investors, will help us to grow our business amid the challenging times facing today’s global market and tech landscape. This investment phase invigorates our aspiration to have an even greater positive impact on society by continuing to expand our fintech solutions and by promoting the digital economy ecosystem in Indonesia," Gita Prihanto, Flip COO.