Nigerian Payment Gateway Flutterwave Is Now Worth Over $3 Billion

African fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in just twelve months.

In March 2021, the San Francisco-headquartered and Lagos-based startup raised $170 million in a Series C round from Tiger Global and Avenir at a valuation of $1 billion. The latest financing, which confirms a Bloomberg scoop from October, brings Flutterwave’s total raise since its inception six years ago to $475 million (it raised a $35 million Series B in 2020 and a $20 million Series A in 2018).

At $3 billion, Flutterwave is currently the highest valued African startup, surpassing the $2 billion valuation set by SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash last year.

Led by founder and CEO Olugbenga “GB” Agboola, Flutterwave facilitates cross-border payments transactions of small to large businesses in Africa via one API. The company also helps businesses outside Africa expand their operations on the continent. Some of its international clients include Booking.com, Flywire and Uber.

Flutterwave has seen astronomical growth since TechCrunch covered its unicorn round last year. At the time, the payments company said it processed 140 million transactions worth over $9 billion. A year later, the African payments giant, with an infrastructure reach across 34 countries on the continent, now processes 200 million transactions worth more than $16 billion.

The number of businesses using its platform has also increased. In March 2021, it was 290,000; now, 900,000 businesses globally use Flutterwave to process payments in 150 currencies and across different payment modes: local and international cards, mobile wallets, bank transfers and its consumer product Barter.

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Endy Edeson

Obinna Christopher Nwabuikwu

Have you made payment using Flutrerwave before?

Endy Edeson

Obinna Christopher Nwabuikwu

I make use of it every month for payment. It's an alternative to Remita and Paystack

Okafor Chuks Marius

I can an sell Ebook for creating Lesotho PayPal account that can allow you to receive and to send money...Any where..

Those who think we Nigeria can't use PayPal to receive money or even money is a lie...There is best way for creating the PayPal without VPN..

I have sell the Ebook for you at low price..

Endy Edeson no vex ooo..😄😄
1

Endy Edeson

Okafor; Wow, if so you are an internet genius.

Are the one that wrote the ebook? And what type of ebook ?

Endy Edeson

Obinna Christopher

THE ADVANTAGE OF FLUTTERWAVE.

Fluterwave gets 5 stars out of 5 for overall performance. This is a fintech company that has over 60,000 customers in Africa. You can collect local and international online payments, create virtual dollar cards and also create a free online store with this company.
1

Kingsley Obiegbu

Very impressive and commendable... We are using them for online streaming portal on www.wakaaati.com

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