Flutterwave

Flutterwave is a Nigerian fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent. The company was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with operations in Nigeria, Kenya, Ghana, South Africa , and seven other African countries.[1]

Flutterwave Inc
TypePrivate
IndustryFinTech
Founded2016
Key people
Olugbenga Agboola (CEO)
Websiteflutterwave.com

In 2021, Flutterwave raised a US$170 million Series C funding round.[2] At the time, this was the largest amount ever secured by an African tech startup and gave it a valuation of over US$1 billion,[3] making Flutterwave a unicorn.[1] Investors in Flutterwave include Y-Combinator, Visa Ventures, Mastercard, Avenir Growth Capital, and Tiger Global Management.[4] Also in 2022, Flutterwave raised a US$250 million Series D funding round at over US$3 billion valuation.[5]

In December 2021, Flutterwave launched Send, an African-focused remittances service, and immediately appointed Nigerian Grammy Award-winning international musician, Ayodeji Ibrahim Balogun, popularly known as Wizkid as its global ambassador to further push the company's brand among the Africans in the diaspora. [6][7]

In January 2022, Flutterwave partnered AfroSport Network to broadcast the 2021 Africa Cup of Nations free-to-air from 9 January 2022 to 6 February 2022.[8]

See also

References
  1. Tom, Jackson (10 March 2021). "Nigerian payments startup Flutterwave achieves "unicorn" status after $170m funding round". Disrupt Africa. Retrieved 13 March 2021.{{cite web}}: CS1 maint: url-status (link)
  2. "African payments company Flutterwave raises $170M, now valued at over $1B". Tech Crunch. Retrieved 13 March 2021.{{cite web}}: CS1 maint: url-status (link)
  3. Princewill, Nimi (11 March 2021). "Nigerian startup Flutterwave secures $170 million in capital injections from investors, now valued at over $1 billion". CNN. Retrieved 13 March 2021.{{cite web}}: CS1 maint: url-status (link)
  4. "Dealroom: About Flutterwave". Dealroom. Retrieved 13 March 2021.{{cite web}}: CS1 maint: url-status (link)
  5. "Flutterwave secures $250m Series D with valuation at over $3bn". TechCabal. 2022-02-16. Retrieved 2022-02-21.
  6. "Flutterwave Picks Wizkid as Global Brand Ambassador, Launches Send".
  7. "Flutterwave Appoints Oluwabankole Falade as Chief Regulatory and Government Relations Officer – TechMoran".
  8. "Flutterwave Sponsors AFCON 2021 Broadcast On Afrosport TV -". Complete Sports. 2022-01-06. Retrieved 2022-02-04.



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