Flutterwave raises $35m led by Greycroft and eVentures
Published:
Jan 21, 2020
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Huge congrats to FTC II portfolio company Flutterwave on their $35m Series-B round led by Greycroft and eVentures.
The round includes participation from Visa, Green Visor, FIS, CRE Venture Capital, Endeavor, YC Continuity, and FinTech Collective.
“We’re helping businesses in Africa accept payment and to scale by being the payment technology that connects Africa to the world, We have built a technology infrastructure that is steadily being recognized as the bridge to connect the payment system.”
Flutterwave founder and CEO, Olugbenga “GB” Agboola
FTC Summary
Flutterwave connects the African continent to the world at large by providing the easiest and most reliable payment solutions for businesses around the globe. To date, Flutterwave has processed 100 million transactions valued at over $5.4 billion for global leaders including Uber and Booking.com.
With the latest round of funding, Flutterwave will continue to provide innovative solutions to businesses that want to facilitate payments seamlessly. The company’s core offering provides a frictionless payment solution for merchants, banks, and consumers by simplifying how payments are made and accepted.
The new funding will be used to support its expansion across Francophone and North Africa as part of its mission to connect Africa to the world as well as drive efforts to strengthen Flutterwave’s position in places where it currently operates.
Media Highlights
Flutterwave Closes $35M Series B Co-Led By Greycroft and eVentures, Flutterwave Blog
African fintech firm Flutterwave raises $35M, partners with Worldpay, Techcrunch
Meet Flutterwave: Leading Payments Platform Across Africa That Just Closed A $35 Million Series B Round, Forbes