flutterwave raises series B funding

Flutterwave raises $35m in series B funding round

Africa-focused payment gateway, Flutterwave moves pass Series A to raise a Series B funding of $35m. The round which was co-led by New york’s GreyCroft & San francisco’s eVentures with additional participation from CRE Ventures, FIS, Visa, Green Visor and Endeavor, would ensure continuous provision of innovative payment solutions as mentioned by Flutterwave Cofounder and CEO, Olugbenga ‘GB’ Agboola. Flutterwave have been connecting Africa to the rest of the world by making sending and receiving payments as frictionless as possible for banks, businesses and individuals since it began operations in 2016 by a team of ex-bankers, entrepreneurs and engineers.

As at 2019, the company had processed $5.4 billion dollars for businesses and individuals, gaining trusts in the East, South and West of Africa. The company intends to continue making tremendous impact as a payment platform in Africa. The team revealed to Woleth its intention to expand into regions like Francophone and North Africa while also doubling efforts to grow its market share in East, South and West African regions . “This means we will be able to provide more avenues for businesses to expand to while also creating seamless ways for businesses to receive payments” Said Flutterwave CEO, Olugbenga.

“The success of Flutterwave can be attributed to Keeping our customer’s needs and growth at the heart of everything we do as a company” said Flutterwave CEO, Olugbenga. He further emphasized the importance of customers to Flutterwave and assured that they will continue to improve their services for the benefits of customers