Flip onboards Pratyush Prasanna as Group CEO to accelerate financial services

By Gloria Mathias

Flip, Indonesia’s FinTech group, has announced the appointment of Pratyush Prasanna as its new Group CEO.

Pratyush Prasanna, who joined Flip Group last year as Managing Director, will lead the group into its next phase of growth and innovation. Flip Group started with a fee-free interbank transfer product and has since expanded its offerings to include a comprehensive suite of services for both individuals and businesses.

This move leverages Pratyush’s extensive experience in the payments industry, building on the success of Flip’s core transfer platform and expanding its business solutions. Founded in 2015 by Rafi Putra Arriyan, Ginanjar Ibnu Solikhin, and Luqman Sungkar, Flip has helped over 15 million individuals and more than 1,000 businesses process financial transactions, processing billions of dollars in financial transactions.

Rafi Putra Arriyan, co-founder of Flip, will now focus on leading the consumer business as President and Director of PT. Fliptech Lentera Inspirasi Pertiwi (Flip) is the entity behind the Flip consumer app. He stated, “Since founding Flip as fresh graduates, we’ve been relentlessly focused on championing fair financial services for Indonesians, with our revolutionary free interbank transfers as our cornerstone. As we accelerate our growth trajectory, expanding our product offerings for both individuals and businesses, we are thrilled to have Pratyush in 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.”

“I am incredibly honoured to lead Flip Group at this exciting stage of its growth. Flip Group has already made a remarkable impact in Indonesia by providing fair and accessible financial services that save both individuals and businesses valuable time and money. I’m eager to build upon that strong foundation. Since joining as Managing Director last year, I have been impressed with the company’s focus and execution.” said Pratyush Prasanna, Group CEO of Flip.

Pratyush brings a proven track record of success, having previously served as the Head of Merchant Payments at GoTo Financial, where he oversaw significant growth in their merchant payment solutions. Prior to that, he held leadership roles at Poynt and Paytm, driving product development and expansion in the Asian market.