Indonesian consumer payment platform Flip announced the second close of its Series B round this week at $55 million.
Lead investor Tencent Holdings contributed 430.8 billion rupiah to the round, according to the company’s latest filing with the Indonesian authorities seen by DealStreetAsia – DATA VANTAGE. That translates to $29.4 million if we use Bank Indonesia’s benchmark currency rate on May 24, the day of the company deed filing.