Flutterwave – Unifying Africa’s Fragmented Payment Systems

Flutterwave
Flutterwave provides technology, infrastructure and services to enable global merchants, payment service providers and Pan African banks accept and process payments on any channel (Web, Mobile, ATM & POS). We help businesses in Africa go global by smoothening the exchange of funds in 150+ currencies.
Flutterwave is the easiest way to pay and get paid across Africa. We have one simple API for processing payments across card, bank account and mobile money platforms in over thirty African countries. Flutterwave has processed over $70 million in transactions to date for clients that include Paystack, Page Microfinance Bank, and Access Bank.Our founding team has several years of experience working at global technology companies like Google Wallet, Andela and PayPal as well as several African Commercial and Central Banks.

Overview

Headquarters:     San Francisco, California
Description:         Flutterwave provides a payment service for global merchants, payment service providers, and Pan African banks.
Founders:             Iyinoluwa Aboyeji
Categories:          Developer APIs, Software, Payments
Website:               https://www.flutterwave.com/#/?_k=eaek0p

 

Product/Service

Company Details

Founded:         2016
Contact:           getstarted@flutterwavego.com
Employees:     11 – 50

Why Flutterwave was Founded

Here is what Iyinoluwa Aboyeji has to say:
“The ecosystem for payments in Africa is heavily fragmented. Anywhere in the west, you’re able to leverage your credit card to pay and get paid. If I’m a small business in Nigeria, I can’t accept cards, the overhead will kill me!
What we’re trying to do is remove the barriers between these payment instruments and channels, Aboyeji said. “If what you have is mPesa, you should be able to pay into someone’s bank account. You can charge people’s cards. You can accept payments via a link on Instagram.”

Funding

 DateRoundAmountLead InvestorInvestors
 Aug, 2016Seed$120kArab Angel Fund, Y Combinator
Aug, 2016SeedUndisclosed AmountGreen Visor Capital
May, 2016Seed$50kVC FinTech Accelerator

Team at 

Co-founder & Managing Director

Other Helpful Resources

 


Building a reliable database of startups and established companies in Nigeria 

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