The Flutterwave 170m series is a highly-advanced payment device that offers a unique way to make and receive payments Equitylundentechcrunch. It’s a smart, secure, and cost-effective tool for anyone in the business of managing money, and the company has been working hard to expand its reach. This has meant raising funds to help the company reach its goal of becoming a global payments company.
CEO praises staff, investors, customers and regulators
Flutterwave, an Africa-focused payment technology company, has secured USD $170 million in funding from leading international investors. This investment will help to accelerate the company’s expansion drive. It is aimed at helping the company to continue to build a harmonised digital payments landscape in Africa.
The fund will be used to upgrade the company’s technology, which will allow it to expand to new markets and customers. The funds will also be used to develop new products. In total, the company has more than 300 employees and more than 300 customers. Located both in the US and Africa, the team works to create a pan-African platform for payments.
Flutterwave’s CEO, Olugbenga Agboola, credits his company’s success to the support of key investors and the regulatory framework. For example, the Central Bank of Nigeria (CBN) has been responsible for creating an enabling environment for technology.
Agboola is one of Africa’s most successful and fastest growing innovators. He was named TIME’s 2021 innovators and was recently crowned Business Insider’s Tech Investor of the Year.
Partnerships with smaller companies
Flutterwave, an African-focused fintech company, recently announced its US$ 170 million Series C round of funding. The funding represents a landmark achievement for the African startup scene.
According to CEO Olugbenga Agboola, the company is focused on African business and has built a network of over 290,000 merchants across Africa. It will use the money to expand its customer base and develop new products.
Founded in 2016, Flutterwave offers a platform to help African businesses digitize payments. As a result, the company is able to offer a seamless payment solution to consumers. In addition, the firm enables business-to-business (B2B) transactions.
Flutterwave was launched by British-educated Nigerian Olugbenga Agboola, who was previously an employee at PayPal in London. Agboola says he had the goal of building a pan-African platform. He credits regulatory bodies, such as the Central Bank of Nigeria, as well as investors, for supporting the company’s growth.
After its initial launch, Flutterwave continued to focus on partnerships. It signed commercial agreements with Visa, Worldpay, and Alipay to enable digital payments between Africa and China.
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