Despite the depressing Global economic situations due to the pandemic, with Africa expected to be the worst hit which fortunately; the African continent has been steadfast and has not crumbled. This can be seen in some start ups and corporations still rising above challenges and making process; one of such start ups is a fintech service, Flutterwave.
According to Tech crunch, it was reported that the proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector.
Flutterwave is a Nigerian payment start-up that has in recent times been making waves in Nigeria, Africa and beyond. It was founded by two Nigerians, Iyinoluwa Aboyeji and Olugbenga Agboola in 2016; and launched as a Nigerian and U.S.-based payments company with offices in Lagos and San Francisco. It has helped businesses build customizable payment applications through its APIs.
Few days ago, Nigerians and the rest of the world woke up to the great news; that the startup has closed $170 million, valuing the company over $1 billion.
According to the details in their website, the fintech company is a platform that lets you sell wherever your customers are; online, in-person, anywhere in the world, and everywhere in-between. It has been reported that over 290,000 businesses use its platform to carry out payments. It has become a great pathway to link Africa to the global economy.
Flutterwave has also raised $225 million and is one of the few African startups to have secured more than $200 million in funding.