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In Only Two Years, Flutterwave has Processed $2.5 Billion Transactions

Tech Gist Africa by Tech Gist Africa
11/16/2018
in Africa News, Startups
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In Only Two Years, Flutterwave has Processed $2.5 Billion Transactions

Photo Credit: tech.africa

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African fintech company, Flutterwave has processed about $2.5 billion for clients through its ‘Rave’ platform across the globe. It’s worthy to note that all these transactions were done within the space of its first two years of existence.  

According to Flutterwave, the Rave platform aimed at processing all kinds of payments with support disbursements to bank accounts and mobile money wallets.

Just last month, Flutterwave completed a Series A Extension round of $10m from various investors after which Iyinoluwa Aboyeji stepped aside as the company’s CEO with Olugbenga Agboola taking over as the new CEO.  

Flutterwave investors include Mastercard, Omidyar Network, Y Combinator as well as other notable Silicon Valley venture firms.

Agboola revealed that the company has processed transaction for the likes of Uber, Facebook, Transferwise, Flywire, Booking.Com and a host of others since it was launched in 2016.


See Also: Flutterwave Secures $10m Investment as Iyinoluwa Aboyeji Steps Down as Company’s CEO


He said, “With our solutions, a merchant can accept local and international payments from card and bank accounts. Our technology also powers services like PiggybankNG, Thrivesed.com, Walletng, MAXGO, and a host of other platforms.

“As we often call ourselves, we are ‘the Google of everything payment.’ We process any kind of card, and we can be operated from any part of the world, especially with one of our new trending product called ‘Rave.” Agboola Reiterated.

Flutterwave has recorded over 25,000 direct merchants on its stable and numerous indirect merchants.

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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