Flutterwave

payments | payment gateways | processors

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569 VISITORS | 813 VIEWS

FOUNDING YEAR: 2016

LOCATION:

United States

REGION:

California

Last Update:
18 Oct, 2019

Description

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:

Viewable by subscribers only

MAIN CLIENTS:

Some of the clients are Uber, Paystack, The Ticket Fairy, Page Microfinance Bank, Access Bank, etc.

EXISTING PARTNERSHIPS:

Partnered with KCB bank

PEOPLE

FOUNDERS:

Iyinoluwa Aboyeji

Board Members and Advisors:

Joe Saunders

NUMBER OF EMPLOYEES:

11-50

INVESTORS:

Mastercard, CRE Venture Capital, FinTech Collective, 4dxventures.com, Greycroft Partners, Green Visor Capital, Y Combinator, Glynn Capital, Alrai Capital, Omidyar Network, Social Capital, HOF Capital, Cactus Advisors, VC Fintech, Arab Angel, Tekton Ventures, Singularity Investments, Khosla Impact, Comcast Ventures Catalyst, Soma Capital, Newtown Partners

TRACTION

VALUATION COMMENT

Pre-Series A

TRANSACTIONS COMMENT:

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

COMMENT:

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

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$20.1 Millions

DATE OF LAST FUNDING:

Oct 2018

TOTAL FUNDING COMMENT:

The company will use the new capital for hiring more talent, build out global operations and fueling rapid expansion across Africa. (Oct. 2018)

SEED & PRIOR FUNDING:

$100 K

SEED CLOSED ON:

Aug 2016

FUNDING SERIES:

SERIES A

$20 Millions Closed: Oct 2018

LISTED:

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