ImpactAlpha, February 17 — Flutterwave launched in 2016 to help banks and businesses in emerging markets transact across borders and currencies. With more than 900,000 business users in 34 African countries, the Lagos-based company has facilitated over 200 million transactions worth more than $16 billion.
“We set out to build a platform that would simplify payments for everyone and today our solutions are used around the world to connect Africans to the world and the world to Africans,” said Flutterwave’s Olugbenga Agboola.
The Series D round, which nearly tripled Flutterwave’s $1 billion valuation from around this year, was led by Alta Park Capital, with participation from Tiger Global, Salesforce Ventures, Lux Capital and others.
Flutterwave itself has backed inclusive tech companies including Bankly, a digital payments company for unbanked Nigerians; Disha, a payments platform for digital creators; and most recently CinetPay, an online payments processing company in francophone Africa.