Indonesian Fintech Companies Flip teeth Pratyush Prasanna He is the company’s new group CEO.
Prasanna, who joined Flip as Managing Director last year, will now be leading the company’s next phase of growth and innovation.
He brings with him a wealth of 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 strengthen Flip’s expansion efforts.
Flip co-founder Rafi Putra Arian will now lead the company’s consumer business as president of PT. Fliptech Lentera Inspirasi Pertiwi, the company behind Flip’s consumer app.
Flip’s growth is supported by a Series B funding round in 2022. Raised over $100 million From investors including Tencent, Block, Inc. and Insight Partners.
The funding will help expand Flip’s financial services, including bill payments, lending and customized business solutions.
Founded in 2015 by Rafi Putra Arian, Ginandjar Ibnu Solikin and Lukman Sungkar, Flip began with fee-free bank-to-bank transfers and has since expanded its offerings to include other services such as Flip for Business and Flip Globe for international remittances.
The company serves over 15 million individuals and 1,000 businesses and processes billions of transactions.
Flip co-founder Rafi Putra Arian said:
“As we accelerate our growth trajectory and expand our product offerings for both individuals and businesses, we are thrilled to welcome Pratyush to 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, Group CEO, Flip said:
“I am incredibly honoured to be leading Flip Group at this exciting stage in the company’s growth and have been impressed with the company’s focus and ability to execute since I joined as Managing Director last year.
Together with our founders and talented team, we will continue to innovate and expand our offerings to ensure every Indonesian has the tools they need to achieve their financial goals.”
