The Flip App
The Flip App is a Norwegian fintech providing non-custodial USDT business payment infrastructure that enables companies to pay international freelancers and contractors by phone number, settling cross-border payouts in minutes across 100+ countries.
- Company typePrivate
- Founded2023
- HeadquartersOslo, Norway
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What The Flip App does
The Flip App (operated by Flip Company AS, a Norwegian private limited company founded in 2023) is a B2B stablecoin payment infrastructure provider that enables companies to pay international freelancers, contractors, and suppliers using USDT without requiring recipients to hold a crypto wallet, know seed phrases, or share SWIFT/IBAN details. Recipients are routed by phone number and can choose to receive funds directly into a non-custodial wallet they control with private keys, or receive local-currency off-ramps into bank accounts and mobile wallets across nine currencies (INR, PHP, PKR, NGN, BRL, IDR, VND, KES, AED). Settlement completes in minutes versus 1-5 business days for SWIFT wires, with a self-reported cost saving of 70-90% versus traditional rails.
Under the hood, the platform is anchored on USDT (Tether) blockchain rails with a proprietary phone-number-to-recipient routing layer, KYC/AML on every business account, multi-signer approval workflows for enterprise customers, and API/webhook integration into ERP systems. The product surface spans Flip For Business (self-serve dashboard at business-app.theflip.app), Bulk Payments (CSV/API batch processing), Cross-Border Payments, Freelancer Payments, Stablecoin Payroll, and an Enterprise tier with white-label and SLA support; consumer-facing mobile apps on iOS and Android support the recipient experience. The company reports 500+ business customers, $2M+ processed monthly, 1M+ app downloads, and zero security incidents.
Commercially, Flip operates a tiered transaction-fee model: Standard at 2% per transfer (with $1.50 minimum, first $10,000 free for new customers), Business at 1.6% for volumes above $15,000/month, and Enterprise on custom multi-year contracts for volumes above $150,000/month. Go-to-market is hybrid: product-led self-serve onboarding, 30-minute inside-sales demos, enterprise field sales for 100+ contractor programs, and white-label USDT payroll rails for EOR platforms operating in MENA, South Asia, and LatAm corridors. The company is led by founder and CEO Christian Omvik, headquartered in Oslo, with a Dubai regional office and a 15-person distributed team across 8 countries.
The Flip App firmographics
Firmographics- Name
- The Flip App
- Legal name
- Flip Company AS
- Website
- https://theflip.app
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Flip App is a Norwegian fintech providing non-custodial USDT business payment infrastructure that enables companies to pay international freelancers and contractors by phone number, settling cross-border payouts in minutes across 100+ countries.
- Ownership category
- akta.pro rank
The Flip App industry classification
Industry- Product category
- Cross-Border Business Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payroll & Contractor Payments (Crypto) (FSADAIAH)
- akta.pro secondary industries
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where The Flip App is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
The Flip App business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Transaction Fees: Percentage-based fees charged per transfer; Standard tier at 2%, Business tier at 1.6% for volumes over $15,000/month; Enterprise custom pricing for volumes over $150,000/month
- First $10K Free Promotional Offer: New customers receive their first $10,000 in transfers completely free as customer acquisition incentive
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard - 2% per transaction for individuals and small businesses |
| Transaction based/ take rate | Pay-as-you-go | Business - 1.6% per transaction for volumes over $15,000/month |
| Transaction based/ take rate | Multi-year contract | Enterprise - Custom negotiated rates for volumes over $150,000/month |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
The Flip App product offering
Product offeringCore offering
The Flip App is a non-custodial stablecoin (USDT) business payment platform that enables companies to pay international contractors, freelancers, and employees using only the recipient's phone number, bypassing SWIFT/IBAN requirements. Businesses can send bulk payouts via CSV upload or API, with payments settling in minutes across 100+ countries and delivered as local currency (INR, PHP, PKR, NGN, BRL, IDR, VND, KES, AED) to recipient bank accounts or mobile wallets.
Product overview
Flip is a unified stablecoin-powered business payment platform that enables companies to pay global teams, contractors, and freelancers using USDT with just a phone number. The core offering centers on Flip For Business, which provides bulk stablecoin payments, cross-border payments, freelancer payments, and stablecoin payroll as integrated modules. The platform operates through multiple tiers: Standard (2% per transfer), Business (1.6% for volumes over $15,000/month), and Enterprise (custom pricing over $150,000/month with API access and white-label options). Industry-specific solutions target creative studios, e-commerce businesses, and EOR platforms. All products leverage non-custodial stablecoin rails to deliver fast (minutes vs days), low-cost (up to 90% cheaper than traditional methods) international payments across 100+ countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Flip For Business A business payment platform enabling bulk stablecoin (USDT) payouts to contractors and freelancers worldwide via phone number, eliminating the need for SWIFT codes or IBAN. Targets businesses paying global teams across 100+ countries with same-day settlement and 0.5-2% all-in cost.
- Bulk Payments Enables businesses to process hundreds or thousands of payments simultaneously via CSV upload or API integration, with automated validation, real-time tracking, and per-payment receipts. Designed for batch payouts at scale for enterprise finance and operations teams.
- Cross-Border Payments Facilitates international business payments across 150+ countries using USDT stablecoin rails, settling in minutes rather than the traditional 1-14 day wire transfer timeframe. Recipients receive funds as local currency to their bank accounts or mobile wallets.
- Freelancer Payments Specialized solution for paying international freelancers and contractors using just their phone number, with same-day settlement and 0.5-2% all-in cost versus 10-20% on traditional freelancer platforms. Designed for finance and ops teams paying overseas talent.
- Stablecoin Payroll USDT-denominated payroll solution allowing businesses to fund payroll in stablecoin and pay employees and contractors in 100+ countries to their phone number, with same-day settlement and 0.5-2% cost versus 5-10% for SWIFT wires. Includes bulk processing and recurring payment schedules.
- EOR Payroll Platform Integration White-label USDT payout rails for Employer of Record (EOR) and payroll platforms, enabling them to offer stablecoin payroll infrastructure to their own customers in MENA, South Asia, and LatAm corridors. Includes API access and dedicated integration support.
Quantifiable outcome
- 70-90% cost reduction vs traditional wire transfers
- +7 more outcomes
Companies that use The Flip App
Customer profileNamed customers5 records
Segments8 records
Ideal customer profiles5 records
The Flip App technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
The Flip App partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and infrastructure.
- BanxacoreOn/off ramp partner for loading funds to Flip accounts and fiat conversion services; When users start on/off ramp process, mobile number, wallet address, and user-id are shared with Banxa.com for KYC and transaction processing
- Amazon Web Services (AWS) IrelandinfrastructureCloud infrastructure provider for Flip's backend systems and services
Scale indicators15 records
Recent moves5 records
Expansion highlights6 records
The Flip App competitors and assessment
Company assessmentBroad incumbents
- Deel: Deel is a leading global EOR/payroll platform for distributed teams, with payout infrastructure that increasingly overlaps with Flip's contractor payments in MENA and emerging markets.
- Payoneer: Payoneer is a leading cross-border payments platform for freelancers, marketplaces, and SMBs — competing with Flip on the freelancer/contractor payout use case via traditional (non-stablecoin) rails.
- Remitly: Remitly is a public cross-border remittance platform serving emerging-market corridors that overlap with Flip's priority geographies (Philippines, India, Pakistan, Nigeria, Kenya).
- Wise: Wise (formerly TransferWise) is the dominant low-cost cross-border B2B and SMB payments incumbent — directly overlapping Flip's cross-border payouts while exploring stablecoin settlement.
- Remote.com: Remote.com is a global EOR and contractor management platform offering international payroll — comparable to Flip's enterprise tier and a candidate integration partner for white-label rails.
Direct peers
- BitPay: BitPay is a crypto payment gateway enabling merchants and businesses to send/receive crypto payments, comparable to Flip on B2B stablecoin payment infrastructure and API-based settlement.
- Request Finance: Request Finance provides crypto invoicing and contractor payments for Web3 and remote teams — overlapping Flip's freelancer/contractor payout flow with stablecoin settlement.
- Bitwage: Bitwage offers crypto and stablecoin payroll for freelancers and remote teams globally — directly competing with Flip's contractor-payment use case on similar USDT/USDC rails.
- Zebec: Zebec offers continuous, real-time USDC payroll streaming for distributed teams — competing directly with Flip's stablecoin payroll product for cross-border contractor payments.
Regional players
- TerraPay: TerraPay operates a cross-border payments network focused on emerging markets — overlapping Flip's MENA, South Asia, and African corridor strategy via mobile wallets and bank rails.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
The Flip App social profiles
Digital presenceThe Flip App compliance and trust
Trust signalCompliance2 records
The Flip App financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Flip App leadership team
Management profileNumber of profiles
Profiles1 record
The Flip App funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Flip App M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Flip App
What does The Flip App do?
The Flip App is a non-custodial stablecoin (USDT) business payment platform that enables companies to pay international contractors, freelancers, and employees using only the recipient's phone number, bypassing SWIFT/IBAN requirements. Businesses can send bulk payouts via CSV upload or API, with payments settling in minutes across 100+ countries and delivered as local currency (INR, PHP, PKR, NGN, BRL, IDR, VND, KES, AED) to recipient bank accounts or mobile wallets.
Is The Flip App a public or private company?
The Flip App is a private company. It is classified as venture growth investor backed and is currently operating.
When was The Flip App founded?
The Flip App was founded in 2023. It employs 1 to 10 people.
Where is The Flip App based?
The Flip App is headquartered in Oslo, Norway, in the Europe region.
How does The Flip App make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are first $10K Free Promotional Offer.
Who are The Flip App's main competitors?
Broad incumbents on record are Deel, Payoneer, Remitly, Wise and Remote.com. Direct peers are BitPay, Request Finance, Bitwage and Zebec. TerraPay is listed as a regional player.
Does The Flip App have an API?
Yes. API access is offered for enterprise customers with volumes over $150,000/month. The API supports webhook notifications for payment status updates, CSV upload for batch payments, and export formats compatible with ERP systems. Enterprise plan includes dedicated integration support.
What industry is The Flip App in?
The Flip App's product category is Cross-Border Business Payments. Its primary akta.pro industry code is FSADAIAH, Payroll & Contractor Payments (Crypto), with a secondary code of FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers. Its NAICS code is 52232 and its SIC code is 6199.