Flutterwave closes $35m Series B round

San Francisco and Lagos-based Flutterwave aims to beef up its technological and business muscles on the back of its new $35m Series B round.

That also includes strengthening its ability to provide more services around its payment products

“We don’t just want to be a payment technology company, we have sector expertise around education, travel, gaming, e-commerce, FinTech companies. They all use our expertise,” Olugbenga Agboola (pictured), CEO of Flutterwave, told TechCrunch.

Flutterwave also announced a partnership with Worldpay FIS, the American financial service provider. The partnership will enable US and European customers to accept payments from Africa.

Worldpay FIS backed the round, which was led by venture capital firms Greycroft and eVentures. Visa, Green Visor and CRE Venture Capital also supported the round.

Flutterwave was launched in 2016. Since then it has entered into a partnership with Visa,  handled the integration for the payment pop-star Cardi B’s 2019 performances in Africa and entered a partnership with Alibaba to tap in to the China-African trade, to mention just a few achievements.

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