Flutterwave is a leading technology company that enables businesses across the world to expand their operations in Africa and other emerging markets through a platform that enables cross-border transactions via one API.
Flutterwave's mission is to inspire a new wave of prosperity across Africa by building payments infrastructure to connect Africa to the global economy.
Flutterwave was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola. The company is headquartered in San Francisco, California and Lagos, Nigeria. Flutterwave has an infrastructure reach in over 34 African countries, including Nigeria, Uganda, Kenya, and South Africa.
Flutterwave has processed over 200M transactions worth over USD $16B to date and serves more than 900,000 businesses including customers like Uber, Flywire, Booking.com, etc.
Flutterwave's key advantage is international payment processing in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter by Flutterwave etc.
Flutterwave launched a range of new products including Flutterwave Market for merchants to sell their goods via an online marketplace and, most recently, Send, a remittance service that empowers customers to seamlessly send money to recipients to and from Africa.
Flutterwave is backed by Tiger Global, Greycroft, Avenir Growth Capital, DST Global, Insight Partners, B Capital Group, Salesforce Ventures, Omidyar Network, Whale Rock Capital, Lux Capital, Ycombinator Continuity Fund, and others. The company raised $250M in Series D round on Feb 16, 2022. This brings Flutterwave's total funding to $475.4M to date. The latest round tripled the company' valuation to $3B, up from the $1B gained after its Series C raised in Mar 2021.