Flutterwave secures $10m for Series A funding round

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fintech insurtech wealthtech regtech ai cybertech esg news

Flutterwave has secured $10m for its Series A funding round which was led by Greycroft Partners and Green Visor Capital.

Other backers to the round included Y Combinator and Glynn Capital, with these firms joining previous investors Omidyar Network, Social Capital, CRE Venture Capital and HOF Capital.

Flutterwave is a payment infrastructure for banks and businesses helping to make and accept payments across Africa. The platform, which is active in 32 countries, allows users access to the API to integrate quicker.

The company is headquartered in San Francisco, with offices also in Lagos, Nairobi, Accra, Johannesburg and has plans to expand further across Africa.

This latest capital will be used to hire more staff and build on its global operations including the expansion across Africa.

Flutterwave CEO and co-founder Iyin Aboyeji said, “The digital economy is the new global economy. Yet despite its incredible promise, Africa is excluded from it because of several challenges with its outdated and fragmented payment systems.

“Flutterwave is building modern payments infrastructure to power growth for the digital economy of one of the fastest-growing regions in the world.”

Copyright © 2017 FinTech Global

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