Flutterwave, Payments Tech Firm Closes USD35M Series B Co-Led By Greycroft And eVentures

Wednesday, January 22, 2020

Flutterwave, Payments Tech Firm Closes USD35M Series B Co-Led By Greycroft And eVentures

Flutterwave, Payments Tech Firm Closes USD35M Series B Co-Led By Greycroft And eVentures

 

 

Flutterwave, a Nigerian-based payments technology company with operations in Africa, has announced the closing of a $35m Series B from a consortium of strategic investors- a round co-led by Greycroft & eVentures with additional participation from CRE Venture Capital, WorldPAY FIS, VISA, Green Visor and Endeavor.

 

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, it has processed 100 million transactions valued at over $5.4 billion globally for clients including Uber and Booking.com.

 

“We’re helping businesses in Africa and globally accept payment and to scale by being the payment technology that connects Africa to the world,” says Flutterwave founder and CEO, Olugbenga “GB” Agboola.

 

“We have built a technology infrastructure that is steadily being recognized as the bridge to connect the payment system. We are excited to be working with our newest commercial partners, Visa and FIS, and investors to build the dominant payments platform in Africa.”

 

digitaltimesng.com understands that 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 and simplifies how payments are made and accepted.

 

Our correspondent reports that the new funding will be used to support its expansion across Francophone and North Africa countries as part of its mission to connect Africa to the world as well as drive efforts to boost market share in existing markets.

 

On the back of the latest round of funding, Flutterwave has signed commercial agreements with Visa and FIS.

 

The agreement with FIS will allow the global financial technology provider to offer the Flutterwave solution as part of Worldpay from FIS payment solutions to its merchant clients in Africa.

 

Flutterwave is a 2016 graduate of the FIS FinTech Accelerator program.

 

Additionally, the company’s new partnership with Visa aims to scale its consumer payments service, Barter, through Visa’s QR code payments, card issuance, and global payment processing channels - enabling efficient service delivery to over 85,000 businesses already using Flutterwave and rapidly growing Barter’s base users.

 

The partnership increases access to digital commerce for African consumers and connects them to the rest of the world with Visa virtual card.

 

 

  Nickname Can't be blnak

  Please enter a comment

Recent Comments

  • Macmoo

    More information on the product can be seen on www.pipul.tv and to order for a Pipul TV STB (Decoder), fill the online form available from myaccount.pipul.tv. You can also contact the dealers directly on www.pipul.tv/pipul-tv-outlets/.

    View Article
  • Kcnnabuihe

    Thanks a great deal to MTDU Lagos for drawing the attention of the world to the plight of our people.I believe all well spirited individuals in Umunneochi should join this call so as to find a lasting solution to ensure MBALA is not cut off from the rest of the state.

    View Article
  • Uniquecherry

    We have the likes of nkiru onyejeocha who kept enjoying our democracy dividends, and using our money to buy praises to her name in the line buying wrapper and rice for her party faithfuls, I thought she boast of attracting federal government attention to her people or is that one part of her political propaganda. Let her come ooo its time to give back to her people.

    View Article
  • cj

    congratulation sir, pls i dont mind to be employed as a cleaner or security in any of the offices, thanks and God bless you.

    View Article
  • Nasiru Yayalle

    This is very interesting article . Very educative,informative and sensetized the data subscribers globally. I appreciated the DG"s effort and talent of this nature.

    View Article
Techtrybe