Home News Update Iyinoluwa’s Flutterwave raises $10 million in Series A funding
Iyinoluwa’s Flutterwave raises $10 million in Series A funding

Iyinoluwa’s Flutterwave raises $10 million in Series A funding

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Flutterwave raises $10 million in Series A funding

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.

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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.

 

Credit: techpoint.ng

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Olasunkanmi Olasunkanmi is an information geek, a passionate story teller, a dynamic entrepreneur and a lover of any tool that can make maximum impact in the the life of fellow young men and women.