Flutterwave

Flutterwave:

Empowering the Future of Digital Payments

Flutterwave is a Nigerian founded fintech company that provides a payment infrastructure for businesses in Africa. Founded in 2016 by Olugbenga Agboola and Iyinoluwa Aboyeji, Flutterwave aims to simplify payments across the continent by providing a secure, reliable, and efficient way for businesses to accept and make payments.

With its headquarters in San Francisco, California, and operations in Nigeria, Kenya, Ghana, and South Africa, Flutterwave has quickly become one of Africa’s leading fintech companies. Its platform offers a range of services, including:

– Payment processing, – Digital wallets, – Online invoicing, – Virtual cards, – API integration

Since its inception, Flutterwave has attracted significant investment, reflecting its potential to revolutionize the financial services industry. In 2021, the company raised a landmark US$170 million in a Series C funding round, a record-breaking achievement for an African tech startup, elevating its valuation to over US$1 billion and securing its status as a unicorn. This momentum continued in 2022, with Flutterwave securing an additional US$250 million in a Series D round, pushing its valuation beyond US$3 billion. Notable investors include Y-Combinator, Visa Ventures, Mastercard, Avenir Growth Capital, and Tiger Global Management, highlighting the confidence the global financial community has in Flutterwave’s vision.

The brand’s commitment to innovation is evident in its diverse range of products and services. The company provides a seamless platform for businesses and individuals to manage payments, offering solutions that cater to both large enterprises and small businesses.

Flutterwave’s growth has not been without challenges. In September 2022, the Central Bank of Nigeria granted the company a Switching and Processing License, the highest payment processing license in the country, allowing it to process transactions between banks and cards without intermediaries. This license marked a significant milestone, giving Flutterwave autonomy across the payments ecosystem value chain.

Flutterwave continues to drive forward with its mission to empower digital payments across Africa and beyond. The company announced plans for an Initial Public Offering (IPO) in April 2024, a move that could further solidify its position as a global fintech leader.

Flutterwave emerged a first entrant at the 2024 brand league table.