Flutterwave

paymentspayment gatewaysprocessors

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 17/03/2021

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About

At Flutterwave, we are on a mission to build payments infrastructure to connect Africa to the global economy. We do this by building technology, tools, and infrastructure for businesses and banks who want to provide a more seamless and secure payments experience for their customers. Founded in 2016 by a team of African finance and technology veterans from Standard Bank, PayPal, Google Wallet amongst others.Flutterwave has grown to become one of the fastest growing payments companies in the world. Since inception Flutterwave has processed close to $2 billion in payments and 25 million transactions across over 33 African countries where it currently operates. It has attracted significant investment from experienced Fintech investors such as Ycombinator Continuity Fund (investors in Stripe), Greycroft (investors in Braintree and Venmo), Greenvisor Capital, Omidyar Network, and Glynn Capital amongst others. In 2017 Flutterwave was named Africas best fintech company at the Apps Africa Innovation Awards.

MEDICI Analysis

Flutterwave provides technology, infrastructure and services to enable global merchants, payment service providers and Pan-African banks accept and process payments on any channel (Web, Mobile, ATM & POS). The company offers payment gateway API that allows merchants to accept, while users can pay via payments cards and mobile wallets like m-Pesa. The company has offices in Lagos, Nairobi, Accra, and Johannesburg.

Focus

PRODUCTS & SERVICES

Online payment gateway & processing platform for small businesses in Africa. Flutterwave is the easiest way to pay and get paid across Africa.

REVENUE MODEL

The company charges a transaction fee in addition to processor fees. It charges .3% fee per transaction.

MAIN CLIENTS

Some of the clients are Uber

Paystack

The Ticket Fairy

Page Microfinance Bank

Access Bank

etc.

EXISTING PARTNERSHIPS

Partnered with KCB bank

Traction

VALUATION COMMENT:

Pre-Series A

COMPANY TYPE:

For Profit

TRANSACTIONS COMMENT:

The company has processed $1.2 billion in payments across over 10 million transactions in August 2017.

TRACTION COMMENT:

Flutterwave has processed over $70 million in transactions to date.(2016)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,168,181

AVERAGE VISITS (6 MONTHS)

1,303,253.94

MONTHLY VISITS GROWTH

-48.83%

VISIT DURATION

1,275

VISIT DURATION GROWTH

713.54%

PAGE VIEWS VISIT

6

PAGE VIEWS VISIT GROWTH

81.15%

BOUNCE RATE

50.32%

BOUNCE RATE GROWTH

-28.3%

GLOBAL TRAFFIC RANK

40,330

MONTHLY RANK CHANGE

11,941

MONTHLY RANK GROWTH

42.06%

Innovation Programs

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