Flip Expands Fintech Presence Through Strategic Acquisition

Acquisition Details

PT Fliptech Lentera Inspirasi Pertiwi (Flip), the operator of the popular financial technology platform Flip, has announced plans to acquire a 75.11% majority stake in PT Duta Teknologi Kreatif. The latter is the company behind financial services DutaMoney and DutaPay. This acquisition represents a significant strategic move to expand Flip's fintech capabilities and strengthen its market position.

Legal and Regulatory Framework

The acquisition will be executed in accordance with Indonesian corporate laws, specifically Law No. 40/2007 on Limited Liability Companies as amended by Law No. 6/2023 on Job Creation. The transaction is subject to necessary approvals from relevant government authorities. Interested parties have 14 days from the announcement date to raise any objections to the planned acquisition.

Business Implications

This strategic acquisition is expected to enhance Flip's service offerings in the Indonesian fintech market. By gaining control of Duta Teknologi Kreatif, Flip will expand its presence in the financial technology sector, potentially increasing its market share and competitive advantage. The acquisition also signals Flip's commitment to growth through strategic consolidation.