African Fintech Start-Up Flutterwave Managed To Secure $170 Million In Funding
African Fintech Start-Up Flutterwave Managed To Secure $170 million In Funding. African fintech start-up Flutterwave has secured $170-million in funding in a Series C round led by Avenir Growth Capital and Tiger Global Management LLC with participation from new and existing investors. Jamie Reynolds, Partner at Avenir Growth Capital told Venture Burn that, “Flutterwave is at the forefront of innovation in payments technology, and we are excited to support the team as they build the last available payments infrastructure frontier in the world – connecting merchants and consumers intra-Africa and globally.”
Participating investors include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, WorldpayFIS, and 9yards Capital. Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave told Venture Burn that, “As we look to the future, our focus remains the same which is to stand by our 290,000 merchants across Africa every day as they strive to build their mom-and-pop stores into global businesses. We look forward to increasing our investments across the continent and deepening the impact our platform has on lives and livelihoods as we take more businesses in Africa to the world and at the same time continue to bring more of the world to Africa.”
The company decided to provide the award-winning technology core needed to provide businesses all around the world a powerful, reliable and intelligent payments gateway. Flutterwave’s mission is to simplify payments for endless possibilities. Its vision is to make it easier for Africans to build global businesses that can make and accept any payment, anywhere from across Africa and around the world. It provides users with the most seamless and delightful payments experience online. With various payment methods enabled on Flutterwave, the client’s business can cater to all its customers’ needs.
This is one platform lets clients sell wherever the customers are – online, in person, another part of the world, another currency and everywhere in between. Flutterwave Checkout is integrated with the client’s customers’ preferred payment method which means they can pay their client’s how they want through MPESA, Mobile Money wallets, Card payments, etc.
