Flutterwave: The Fintech Leading Nigeria's Digital Transformation

Flutterwave is an African fintech company that offers payment infrastructure for global merchants, payment service providers, and pan-African banks. Founded in 2016, Flutterwave aims to simplify and streamline the process of conducting business transactions across Africa and beyond by connecting Africa to the global economy. Flutterwave became a unicorn in 2020, and is the highest valued African startup as of 2022, with a valuation of $3B.  

Headquarters: San Francisco, California, USA

Founders: Iyinoluwa Aboyeji and Olugbenga Agboola

Industry: Fintech, Financial Services, Payments

What They Offer

1. Rave is a payment gateway for businesses that supports various payment methods and allows global payments.
2. Barter is a consumer-focused app that allows users to send and receive money, pay bills, and manage virtual cards for online and offline transactions.
3. Flutterwave API enables developers to integrate Flutterwave's payment services into their websites, apps, or platforms.
4. Flutterwave Marketplace is a platform that allows businesses to create online stores, track orders, and manage inventory.
5. Flutterwave POS: A point-of-sale (POS) solution for merchants to accept in-person payments using a mobile device.

Notable Achievements

In 2020, Flutterwave became a unicorn after raising $170 million in a Series C funding round, reaching a valuation of over $1 billion. The company has partnered with major companies, including Visa, Mastercard, and Worldpay, to expand its payment services and facilitate cross-border transactions. In 2022, Flutterwave became the highest valued African startup, with a Series D funding round that raised $250M.

Competitors

Paystack, Interswitch, Paga, and other payment service providers in the African market.

News

Flutterwave announces Kenya as East African hub

Flutterwave receives payments licences in Egypt

Flutterwave to boost business in Rwanda with two new licenses

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