Friday, February 3, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home DeFi

Indonesian Fintech Flip Raises $55 Million; Visa Launches Crypto-Again Playing cards in LATAM

by BitScoop
June 19, 2022
in DeFi
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter



Courtesy of Tencent, Block (previously often known as Sq.), and current investor Perception Companions, Indonesian client funds platform Flip has secured a $55 million addition to its Collection B spherical. Additionally concerned within the funding have been a handful of particular person buyers together with Checkout.com CEO Guillaume Pousaz, DoorDash government Gokul Rajaram, and former Venmo COO Michael Vaughan.

No up to date valuation info was included within the funding announcement. The corporate has raised a complete of $120 million since inception three years in the past. Flip raised $48 million in Collection B funding in December 2021.

Flip permits thousands and thousands of Indonesians to entry P2P funds with interbank transfers to greater than 100 Indonesian banks. The corporate additionally gives worldwide remittances, e-wallet top-ups, and enterprise options for worker payroll, buyer refunds, bill and provider funds, in addition to worldwide transfers. Greater than $12 billion in transactions a yr are processed on Flip’s platform.

“The expansion alternative of the Indonesian digital financial system is huge with its huge inhabitants and favorable demographics, Flip co-founder and CEO Rafi Putra Arriyan stated. “We’re laser-focused on serving to thousands and thousands of Indonesians, each people and companies, execute numerous cash transactions at a low value by our platform.”

Flip plans to make use of the brand new capital to extend headcount, particularly with regard to engineering and product improvement. The corporate additionally will put money into new merchandise and expertise improvement to each improve high quality of service and energy additional growth.


Crypto could also be a preventing phrase in El Salvador lately, which has hitched its financial system to the destiny of digital belongings like nowhere else. However the transfer to convey cryptocurrency-based options to Latin America continues to be going sturdy. Visa introduced late this week that it’s launching the primary crypto playing cards in Latin America – concentrating on Brazil and Argentina for the debut of its new merchandise.

As reported in Crypto Information and different media retailers that picked up the story from Expansión, Visa has partnered with numerous fintech corporations within the area to difficulty playing cards that may allow customers to obtain cashback in Bitcoin after they make funds. In Argentina, Visa’s companions embrace cryptocurrency alternate Lemon Money, which can provide 2% Bitcoin cashback Visa playing cards. Visa additionally has teamed up with Argentinian cryptocurrency buying and selling platform Satoshi Tango and Crypto.com. In Brazil, Visa is working with Alterbank and Zro Financial institution.

“The cryptocurrency ecosystem continues to realize momentum within the area with elevated funding, extra client adoption, and extra crypto-enabled use instances,” Visa SVP of Merchandise and Innovation for Latin America and the Caribbean Romina Seltzer stated. “We are going to proceed to construct on our sturdy technique to construct the way forward for crypto and funds for our clients, shoppers, companions, and customers.”


Right here is our take a look at fintech innovation all over the world.

Sub-Saharan Africa

Central and Japanese Europe

Center East and Northern Africa

Central and Southern Asia

Latin America and the Caribbean

Asia-Pacific


Photograph by Artem Beliaikin



Source link

Related articles

Zopa Raises $92 Million for its Digital Bank

February 2, 2023

70 Fintechs Founded by African Americans

February 2, 2023
Tags: altcoinsbitcoin pricebitcoin updatesbitscoopCardscrypto newscrypto updatesCryptoBackFintechFlipIndonesianLatAmlatest bitcoin newslaunchesMillionraisesVisa
Share76Tweet47
Previous Post

Ubitquity launches ‘Crypto Itemizing Service’ to develop actual property transactions in crypto » CryptoNinjas

Next Post

This Week In DeFi – June 17

Related Posts

Zopa Raises $92 Million for its Digital Bank

by BitScoop
February 2, 2023
0

U.K.-based digital bank Zopa landed $92 million from existing investors IAG Silverstripe, Uprising, and Augmentum.The funding, which “cements and enhances”...

70 Fintechs Founded by African Americans

by BitScoop
February 2, 2023
0

It’s the first day of Black History Month, and this year’s theme is Resistance. We’ll be serving up related coverage...

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High  – Markets and Prices Bitcoin News

by BitScoop
February 1, 2023
0

On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value...

B2B Payments Innovator TreviPay Teams Up with Cashflow Specialist Cloudfloat

by BitScoop
January 31, 2023
0

B2B payments and invoice networking operator TreviPay announced a partnership with B2B cashflow specialist Cloudfloat.The goal of the partnership is...

3 Aspects that Make the Startup Booster Program a Must for Early Stage Fintechs

by BitScoop
January 30, 2023
0

European fintechs in search of venture capital funding are in luck this spring. The Startup Booster Program...

Load More
Next Post

This Week In DeFi – June 17

Former SEC Chair Jay Clayton Talks Quickly Evolving Crypto Regulation Panorama

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News

January 25, 2023

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News

January 8, 2023

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange – Exchanges Bitcoin News

January 15, 2023

Neobank N26 Exapnds Crypto Trading to 5 New Countries

January 17, 2023

Questions about ERC20 Tokens

January 22, 2023

NFT Collector Who Fell To A Phishing Scam Takes OpenSea To Court

January 29, 2023

Balance CEO alleges betrayal at hands of Uniswap founder

February 3, 2023

Is a Rally on the Way for the Fledgling Altcoin?

February 3, 2023

Why Bitcoin Is Among ‘Hottest Subjects’ On Earth, According To ‘Rich Dad’ R. Kiyosaki

February 3, 2023

Uniswap Price Nears Key Resistance as Daily Users Spike

February 3, 2023

HSBC is looking for a top executive to work with asset tokenization

February 3, 2023

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

February 3, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.