Flutterwave, the payment company founded by Iyinoluwa Aboyeji, has just raised over $10 million in a series A funding round. Greycroft Partners and Green Visor led the new funding round with existing investor Y Combinator and new investors like Glynn Capital.
Flutterwave is building underlying unified payments infrastructure for African businesses to accept card, mobile money, and bank account payments.
In a year of operation, Flutterwave has garnered 10 banking partners across Africa and processed over 14 million transactions worth $1.5 billion in the last 12 months.
Read more : dr-rebecca-dali-wins-2017-un-humanitarian-award-for-her-work-re-integrating-boko-haram-victims
According to an official blog post, the new capital will be put into hiring more talent, build out global operations and fueling rapid expansion across Africa.