Flutterwave Receives $35m Series B Funding.
Flutterwave, a Nigerian based payments technology company with operations across Africa has closed a $35 million (12,670,000,000) Series B funding from a group of investors.
Series B financing is the second round of funding for a business through investment including private equity investors and venture capitalists. Series B round generally takes place when the company has accomplished certain milestones in developing its business and it is past the initial start-up stage.
Flutterwave connects Africans to the world by providing easy and reliable payment solutions to businesses around the globe. As of now, Flutterwave has processed 100 million transactions valued at over $(5.4 billion globally for clients).
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Flutterwave is helping businesses in Africa and worldwide accept payments and developments by being the payment technology that connects Africa to the world. The company has built a technology infrastructure that is gradually being recognized as the bridge to connect Africa’s payment systems.
With the new funding, Flutterwave will continue to provide innovative solutions to businesses that want to facilitate payments efficiently. Flutterwave’s primary offering provides a smooth payment solution for merchants, banks and consumers. Flutterwave’s payment technology simplifies how payments are made and accepted.
Flutterwave will use the new funding to support expansions across the Francophone zone and North Africa as part of its mission to connect Africa to the world as well as drive initiatives to increase market shares in existing markets.
Flutterwave has also signed commercial agreements with Visa and FIS based on this round of funding. The agreement with FIS will allow the global financial technology provider to offer Flutterwave solutions to its merchants and clients in Africa.
Nigerians and Nigeria continue to take giants leaps in financial technology space. Flutterwave is taking Nigeria to the world.