Flutterwave

paymentspayment gatewaysprocessors

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 17/07/2020

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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)

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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