Flutterwave

Flutterwave

payments | payment gateways | processors
website linkedin address
  • FOUNDING YEAR: 2016
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020

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, Olugbenga Agboola
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:
$20.3 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:
$50 K
SEED CLOSED ON:
Aug 2016
FUNDING SERIES:
SERIES A
$20.25 Millions Closed: Oct 2018
PRIZE MONEY:
$50 K
LISTED:
NO

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RECENT RESEARCH


Innovation Programmes

Plug and Play Fintech
Plug and Play Fintech
VC FinTech Accelerator
VC FinTech Accelerator
Y Combinator
Y Combinator

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