Flutterwave
payments . payment gateways . processors
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About
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
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)
People
FOUNDERS
Iyinoluwa Aboyeji
Olugbenga Agboola
BOARD MEMBERS AND ADVISORS
Joe Saunders
NUMBER OF EMPLOYEES
11-50
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING
$45.05 M
DATE OF LAST FUNDING
Jan 2020
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
$50 K
SEED CLOSED ON
May 2016
FUNDING SERIES
SERIES A · $10 M · Oct 2018
SERIES B · $35 M · Jan 2020
PRIZE MONEY
$50 K
LISTED
NO
Innovation Programs
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