Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Fintech

Flutterwave, a Nigerian fintech company, raises $250 million in Series D funding, bringing its value to over $3 billion

Tech Gist Africa by Tech Gist Africa
02/18/2022
in Fintech, Funding, Innovator of the Week, News - West Africa, The Big 5, Venture Capital
0 0
0
Flutterwave Tech Gist Africa

Flutterwave Tech Gist Africa

0
SHARES
Share on FacebookShare on Twitter

Flutterwave, a Nigerian fintech company, has raised US$250 million in Series D funding to fuel its expansion plans, bringing its value to over US$3 billion.

The US$250 million SeriesD round, led by B Capital Group, includes existing investors such as Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital, and Salesforce Ventures, as well as new investors such as Alta Park Capital, Whale Rock Capital, and Lux Capital.

Flutterwave, which was founded in 2016, develops modern payment technologies and infrastructure for Africa in order to connect people and businesses to the global economy. Its technology allows banks and merchants to replace many payment connections with a single API that allows any type of payment to be processed anywhere in Africa.

“Ours is a story of hard work and dedication. Our success has been fueled by the support of our customers, partners, banks, the general public, regulators, and, most importantly, our employees. Under the leadership of Dr. Godwin Emefiele, the Central Bank of Nigeria created the foundation for Nigeria’s revolutionary Payment System, provided the platform for innovation in this field, and has continued to implement laws that have allowed us to grow and thrive. “We are grateful to them, as well as all the other Central Banks in all the countries where we operate,” stated Flutterwave founder and CEO Olugbenga ‘GB’ Agboola.

To date, the company has completed over 200 million transactions totaling over US$16 billion, and it services over 900,000 enterprises, including Uber, Flywire, and Booking.com. Nigeria, Uganda, Kenya, and South Africa are among the 34 African countries where Flutterwave has infrastructure.

Flutterwave’s valuation has more than tripled since it concluded a US$170 million Series C investment round less than a year ago, reaching “unicorn” status with a valuation of over US$1 billion.

The fresh funding will support Flutterwave’s ambitious expansion plan, which includes accelerating client acquisition in existing areas, expanding through M&A, developing complementary products, and fostering new product and service improvements.

 

Read more on Tech Gist Africa:

Stitch, a South African fintech firm, has raised $21 million in a Series A funding round

Binance, a cryptocurrency exchange, will invest $200 million in Forbes, a US media company

Duplo, a Nigerian fintech startup, has raised $1.3 million in a pre-seed round

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

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.

Related Posts

Food Security
Insights

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

The challenge of ensuring food security for a growing global population is one of the defining issues of our time....

Read more
Rulebase

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

09/26/2025
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Next Post
facebook

Facebook has agreed to pay a $90 million settlement to settle a privacy dispute about user tracking

MoneyHash

MoneyHash, an Egyptian FinTech startup, raises $3 million in pre-seed funding

CrowdForce Nigeria

CrowdForce, a Nigerian agency banking startup, raises $3.6 million in a pre-Series A funding round

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.