• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Flutterwave raises $35 million to expand operations

Chidinma Nwagbara by Chidinma Nwagbara
January 21, 2020
in Business News, Company News
Flutterwave raises $35 million in series B funding , Nigerian female entrepreneurs, others to benefit from Flutterwave’s SME grant

Olugbenga Agboola, Flutterwave

Share on FacebookShare on TwitterShare on Linkedin

Nigerian payment firm, Flutterwave has disclosed its expansion plans to Francophone and northern Africa as it raises a $35 million Series B round. The deal is in partnership with payment processing company, WorldPay and payment giant, Visa.

This disclosure was made by Flutterwave’s Chief Executive Officer and co-founder, Ologunro Agboola.

Flutterwave emerges Y Combinator’s African most valuable startup 

RelatedStories

Business leaders reveal survival strategies for Nigerian startups amid economic headwinds

Business leaders reveal survival strategies for Nigerian startups amid economic headwinds

May 6, 2025
Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 

Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 

April 23, 2025

Why it matters: The funding, which was led by VC firms, eVentures and Greyrcoft would now allow Flutterwave invest in its technology and business development as well as grow market share in its existing operating countries. Other VC firms that participated include Green Visor and Africa fund CRE Venture Capital.

In addition, due to the partnership, Flutterwave would now be the payment provider for Worldpay’s clients worldwide. Visa, which is another major partner in the series B round, would have its products like Visa physical and virtual cards expanded on the Flutterwave network.

Speaking on the Visa and Worldpay’s partnership, Agboola expressed his optimism and said,

“We are excited to be working with our newest commercial partners, Visa and WorldPay FIS, and investors to build the dominant payments platform in Africa. We don’t just want to be a payment technology company, we have sector expertise around education, travel, gaming, e-commerce, fintech companies. They all use our expertise.”

[READ MORE: Flutterwave emerges Y Combinator’s African most valuable startup)

What you should know: The San Francisco and Lagos-based fintech startup was founded in 2016 by Iyinoluwa Aboyeji and Ologunro Agboola. It has so far processed 107 million transactions worth $5.4 billion up from 14 million transactions worth $1.5 billion it did in 2017.

Flutterwave’s first series A funding happened three years ago when a total of $55 million was raised. The startup allows clients to tap its APIs and work with its developers to customize payments applications. Some of its existing customers currently include, car hailing firm, Uber; Booking.com and e-commerce company, Jumia.


Follow us for Breaking News and Market Intelligence.
Tags: CRE Venture CapitalFlutterwaveGreen VisorGreyrcoftNigerian Business NewsOlogunro AgboolaOn the MoneyVC firms eVentures
Chidinma Nwagbara

Chidinma Nwagbara

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

Related Posts

Business leaders reveal survival strategies for Nigerian startups amid economic headwinds
Sectors

Business leaders reveal survival strategies for Nigerian startups amid economic headwinds

May 6, 2025
Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 
Company News

Flutterwave, Yellow Card, join Circle Payments Network to facilitate global payments with stablecoins 

April 23, 2025
Flutterwave launches Pay With Bank Transfer in Ghana 
Corporate Updates

Flutterwave launches Pay With Bank Transfer in Ghana 

March 22, 2025
Flutterwave partners with FIRS to digitize tax collection in Nigeria 
Companies

FIRS collaborates with Flutterwave for digital payment collection 

March 20, 2025
Flutterwave partners with FIRS to digitize tax collection in Nigeria 
Sectors

Flutterwave partners with FIRS to digitize tax collection in Nigeria 

March 20, 2025
Flutterwave Launches in Zambia
Companies

Flutterwave Launches in Zambia

February 28, 2025
Next Post
BHH, Podcast, WAVE, entrepreneurs, business, Nigerian, concept, business, ethics, Goal, Setting, Actualization, Greymate Care, Chika Madubuko,, business ethics Femi Adeyemo, BHH Podcast, Fundall, Swift Medispark, Ugo Nwokoro, technology in healthcare, EazyHire, Data Science, Yvonne Alozie, Gitgirl, Verifi, CAMA and taxes for SMEs, Tayo Lekan-Agbaje, Dclutterng, Business half hour, BHH Podcast, Oluyomi Ojo, Taiwo Obasan, Nigerian shoes business

BHH Podcast: Visual impairment did not stop me - Dolapo Agbede

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028
  • SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 
  • Lagos Govt suspends building permits along Lagos-Calabar Coastal Highway corridor  

Follow us on social media:

Recent News

CBN FORBEARANCE: New RENCAP report names banks facing dividend suspension till 2028

June 16, 2025
SEC warns Nigerians against investing in Risevest and Stecs  

SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics