Flutterwave, an African focused Fintech company has raised $35M in series B round. The company also announced a partnership with Worldpay to expand payment processing in Africa.
The CEO of Flutterwave, Olugbenga Agboola announced the milestone and also said that Flutterwave will invest in technology and business development to grow market share in existing operating countries.
I am also proud to announce that we have closed our Series B round funding led by @greycroftvc & @eventuresVC with participation from @CRE_VC, @FISGlobal, @Visa and @GreenVisorCap. You can read more on the story here – https://t.co/oChsjqPA8J— GB 🦋 (@TechProd_Arch) January 21, 2020
The Series B funding was led by Greycroft and e.ventures with other VC companies’ participation.
Flutterwave is the first Endeavor Nigeria investee company in Nigeria as part of our Series B Round said the CEO.
Launched in 2016, Flutterwave allows merchants to accept payment on its platform consuming a lot of its APIs.
Flutterwave has served many businesses in Africa and multinational companies like Uber, Jumia in Nigeria and Africa at large.
On the partnership with Worldpay, the new series B round makes Flutterwave a payment provider for Worldpay.
“With this partnership, any Worldpay merchant in Europe or the U.S. can accept any African payment. If someone goes to pay Netflix with an African card, it just works,” Olugbenga Agboola told Techcrunch.