Flutterwave, a fintech providing payment solutions for businesses in Africa
Flutterwave is a technology company that provides innovative digital payment solutions for businesses and individuals in Africa. The company was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola, with the aim of using technology to solve the complex payment challenges facing African businesses.
Flutterwave provides a range of digital payment solutions that enable businesses to accept and make payments across Africa and globally. The company’s solutions are focused on four key areas: payment gateway, payment processing, card issuance, and B2B payments.
In the area of payment gateway, Flutterwave provides a platform that enables businesses to accept payments from multiple channels, including credit cards, bank transfers, and mobile money. The company’s payment processing solution, on the other hand, allows businesses to process payments in real-time, and provides instant notifications on successful transactions. Flutterwave’s card issuance solution enables businesses to issue prepaid cards that can be used for online and offline transactions. The company’s B2B payments solution, on the other hand, enables businesses to make and receive payments from other businesses, and provides real-time reconciliation and reporting.
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Flutterwave’s solutions are available in over 30 African countries, and the company has partnerships with leading banks, mobile money operators, and payment platforms across the continent. The company’s solutions are used by businesses across various industries, including e-commerce, financial services, and logistics. One of Flutterwave’s notable achievements is its partnership with PayPal, a leading global payment platform. In 2020, Flutterwave became the first African company to partner with PayPal, enabling businesses and individuals in Africa to receive and send payments from anywhere in the world.
Flutterwave has also made significant strides in promoting financial inclusion and digital literacy in Africa. The company provides training and capacity building programs to help businesses and individuals develop the skills and knowledge they need to leverage digital payment technologies effectively. The company’s focus on innovation, financial inclusion, and partnership has helped it to gain a strong reputation and position in the African market. Flutterwave’s commitment to using technology to solve complex payment challenges in Africa makes it a valuable player in the continent’s digital ecosystem.
In addition to its core payment solutions, Flutterwave has also launched a range of innovative products and services that are designed to meet the unique needs of African businesses and consumers. These include:
Flutterwave Store: This is an e-commerce platform that enables businesses to set up an online store and sell their products and services online. The platform is integrated with Flutterwave’s payment solutions, making it easy for businesses to accept payments from customers across Africa and the world.
Flutterwave Barter: This is a payment and lifestyle platform that enables individuals to send and receive money, pay bills, and shop online. The platform is integrated with major payment channels, including banks and mobile money operators, and provides users with a range of lifestyle benefits, including discounts on travel, food, and entertainment.
Flutterwave Mobile: This is a mobile app that enables businesses to manage their payments and transactions on-the-go. The app provides real-time notifications on successful transactions, and enables businesses to track their payment history and reconcile their accounts.
Flutterwave International Payments: This is a solution that enables businesses and individuals in Africa to receive payments from anywhere in the world. The solution is integrated with major global payment platforms, including PayPal, and provides users with a range of payment options, including bank transfers, credit cards, and mobile money.
Flutterwave’s focus on innovation and partnership has helped it to build a strong reputation in the African digital payment landscape. The company has won several awards and recognitions for its contributions to the industry, including the Best Fintech Solution Award at the AppsAfrica Innovation Awards (2019), Fintech of the Year Award at the Africa CEO Forum Awards (2019), Disruptor of the Year Award at the Africa Tech Awards (2018), Best Payment Platform/Service Award at the AppsAfrica Innovation Awards (2017), Top Innovator in the African Diaspora Award at the Black Enterprise TechConneXt Summit (2016) amongst others.