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Flutterwave
Online & offline payment platform for African businesses
- 501-1000 employees
- Fintech
- B2B
- Payments
- SaaS
- Fisherman's Wharf, San Francisco, CA
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Company mission
Flutterwave's mission is to power a new wave of prosperity across Africa. By enabling global digital payments on a continent that has been largely cut off from the digital economy, it is creating the infrastructure to power Africa's growth in the 21st century.
61% employee growth in 12 months
Our take
As a continent, Africa has a fragmented payment system. Even though African countries had their own payment systems, none of these solutions could interoperate with each other and allow users to make and receive payments across international borders.
Flutterwave offers the solution, an Africa-wide payments infrastructure to connect all payment types in the continent and bring a single-use payment solution to any merchant or small business. It allows business owners to accept payments from customers anywhere.
In 2020, the company processed more than 80 million transactions (worth over $7 billion) across 17 African countries. When COVID-19 lockdowns hit brick-and-mortar businesses in Africa, Flutterwave was able to quickly set up digital storefronts for 20,000 users, in a free promotion they called “keeping the lights on”.
In 2021, Flutterwave collaborated with PayPal, allowing African merchants to accept payments across the continent from more than 300 million PayPal users. In 2023, its Engineering Mobility Program in collaboration with Capgemini in Bangalor aims to nurture the next generation of Indian tech workers, indicating Flutterwave's widening market scope.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
Company values
- We are customer focused
- We build trust capital
- We are loyal to one another
- We communicate respectfully
- We create and innovate
Funding (last 2 of 8 rounds)
Feb 2022
$250m
SERIES D
Mar 2021
$170m
SERIES C
Total funding: $475.3m
This company has top investors
Leadership
Olugbenga Agboola
(CEO)After starting his career at PayPal, Olugbenga spent 4 years at Guaranty Trust Bank and another 5 at Standard Bank Nigeria. He used this experience to co-found Flutterwave in May 2016, serving since 2018 as CEO.
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Jobs (2)
Finance, Legal & Compliance
Sales & Account Management