Africa | October 23, 2018

Flutterwave raises Series A to connect African businesses to global economy

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 23 – Flutterwave makes online and digital payments software that allows banks and companies to integrate all of their payment processing tools. The company, which is based in San Francisco with offices across Africa, wants to “inspire a new wave of success across Africa by building payments infrastructure to connect Africa to the global economy.” 

The firm has 24,000 business and individual users and has processed $2.3 billion in payments across 60 million transactions. Its list of partners include African banks like Standard Bank and First Bank and companies like Uber and

Launched in 2016, Flutterwave raised $10 million last year towards its Series A. It has now raised an undisclosed amount of additional Series A capital from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital. It’s total funding to date amounts to $20 million. Impact-focused fintech investor Green Visor Capital is one of Flutterwave’s biggest investors.