Indonesian fintech company Flip has named Pratyush Prasanna as its new Group CEO.

Prasanna, who joined Flip last year as Managing Director, will now steer the company through its next phase of growth and innovation.

He brings a wealth of experience from his previous roles, including Head of Merchant Payments at GoTo Financial and leadership positions at Poynt and Paytm.

Prasanna’s extensive background in the payments industry is expected to bolster Flip’s expansion efforts.

Rafi Putra Arriyan, Flip’s co-founder, will now lead the consumer business as President Director of PT. Fliptech Lentera Inspirasi Pertiwi, the entity behind the Flip consumer app.

Flip’s growth is supported by a Series B funding round in 2022, which raised over US$ 100 million from investors like Tencent, Block, Inc., and Insight Partners.

This funding will aid in expanding Flip’s financial services, including bill payments, financing, and tailored business solutions.

Flip, founded in 2015 by Rafi Putra Arriyan, Ginanjar Ibnu Solikhin, and Luqman Sungkar, began with a fee-free interbank transfer service and has since broadened its offerings to include services like 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 in transactions.

Rafi Putra Arriyan, Co-founder of Flip said,

“As we accelerate our growth trajectory, expanding our product offerings for both individuals and businesses, we are thrilled to have Pratyush at the team.

His expertise and passion for our mission make him the perfect fit to lead Flip Group into this exciting new chapter as we continue to evolve and reach new heights.”

Pratyush Prasanna, Group CEO of Flip said,

“I am incredibly honored to lead Flip Group at this exciting stage 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 our 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.”

The article first appeared on Fintech News Singapore