Fintech
Tencent-Backed Indonesian Fintech Appoints Pratyush Prasanna Group CEO
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Indonesian fintech company Flip he appointed Pratyush Prasanna as the new CEO of the Group.
Prasanna, who joined Flip last year as CEO, will now lead the company into its next phase of growth and innovation.
He brings extensive experience from previous roles, including Head of Merchant Payments at GoTo Financial and leadership positions at Poynt and Paytm.
Prasanna’s extensive experience in the payments industry is expected to bolster Flip’s expansion efforts.
Rafi Putra Arriyan, co-founder of Flip, will now lead the consumer business as President Director of PT. Fliptech Lentera Inspirasi Pertiwi, the entity behind the consumer app Flip.
Flip’s growth is supported by a Series B funding round in 2022, which has raised over $100 million from investors such as Tencent, Block, Inc. and Insight Partners.
This funding will help expand Flip’s financial services, including bill payment, financing and customized business solutions.
Flip, founded in 2015 by Rafi Putra Arriyan, Ginanjar Ibnu Solikhin and Luqman Sungkar, started with a fee-free interbank transfer service and has since expanded its offerings to include services such as Flip for Business and Flip Globe for international remittances.
The company has served over 15 million individuals and more than 1,000 businesses, processing billions of transactions.
Rafi Putra Arriyan, co-founder of Flip said:
“As we accelerate our growth journey by expanding our product offerings for both individuals and businesses, we are thrilled to have Pratyush on the team.
His expertise and passion for our mission make him the perfect person to lead Flip Group into this exciting new chapter as we continue to evolve and reach new heights.”
Pratyush Prasanna, CEO, Flip Group, said:
“I am incredibly honored to lead Flip Group through this exciting phase of its growth. Since joining as Managing Director last year, I have been impressed with the company’s focus and execution.
With our founders and talented team, we will continue to innovate and expand our offerings, ensuring that all Indonesians have the tools they need to achieve their financial goals.”