Financial technology company Flip has recorded a fivefold increase in Gross Merchandise Value (GMV) year-on-year for its business-to-business (B2B) service line, Flip for Business.

Co-founder Rafi Putra Arriyan stated that the significant growth illustrates the company’s continued relevance in providing financial solutions that are efficient, transparent, and reliable.

“This growth reflects Flip’s relevance in providing financial solutions that are efficient, transparent, and reliable,” said Rafi in a statement in Jakarta on Wednesday.

Currently, more than 1,000 companies from various industries, including financial institutions, technology startups, retail businesses, and lifestyle providers, use Flip for Business to manage their disbursement processes.

Flip for Business Launched in 2022 to Support Corporate Financial Operations

Flip for Business was introduced in 2022 as part of Flip’s commitment to offering efficient and transparent financial solutions tailored for business needs.

The platform provides services such as mass interbank transfers, payroll payments, incentive disbursements, and real-time transaction reporting.

Flip Claims Up to 70% Cost Efficiency Over Conventional Methods.

According to Rafi, the service offers up to 70 percent cost savings compared to traditional methods like virtual accounts and banking systems.

“Through significantly lower costs, reliable infrastructure, and no minimum usage requirements, we hope Flip for Business can help businesses of all sizes better manage their transactions and financial operations,” Rafi explained.

Flip for Business does not charge any registration fees or require a minimum transaction volume, and is available to both early-stage startups and established corporations.

Flip Aims to Support Indonesia’s Digital Economy Through Financial Integration

With the growing need for more efficient and flexible financial services, the company aims to present itself as a part of an integrated financial ecosystem.

Flip intends to serve beyond being a money transfer service by contributing to the development of Indonesia’s digital economy.

PHOTO: FLIP

This article was created with AI assistance.