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Investment Highlights

Flutterwave, a leading African fintech company, has demonstrated remarkable growth and innovation, positioning itself as a compelling investment opportunity.

Flutterwave operates in 34 African countries, providing payment services in 150 currencies and supporting various payment methods, including local and international cards, mobile wallets, and bank transfers.

Company Overview

Flutterwave, founded in 2016 by Olugbenga Agboola and Iyinoluwa Aboyeji, is a San Francisco-based fintech company that provides a comprehensive payment infrastructure for global merchants and payment service providers across Africa. The company's platform facilitates seamless transactions by offering a payment gateway API, managing risks and settlements, and connecting directly to local and international card schemes and bank accounts, thereby enabling secure acceptance and processing of payments.

PitchBook

Since its inception, Flutterwave has experienced significant growth, expanding its operations to over 34 African countries, including Nigeria, Kenya, Ghana, and South Africa. The company has attracted substantial investment, with a notable Series C funding round in March 2021 that raised $170 million, elevating its valuation to over $1 billion and granting it unicorn status. This was followed by a Series D funding round in February 2022, which secured an additional $250 million, increasing the company's valuation to over $3 billion.

Flutterwave's suite of products caters to various business needs. For enterprises, it offers online checkout solutions, payment links, and point-of-sale systems, enabling businesses to accept payments through multiple channels. Small and medium-sized enterprises benefit from tools such as Flutterwave Store, an e-commerce platform that allows businesses to create free online stores and sell globally. Individuals can utilize services like Send App, which facilitates instant cross-border money transfers.

The company's innovative approach has garnered international recognition. In 2024, Flutterwave was named 'Fintech e African Banker Awards and was included in Fast Company's list of the most innovative companies in the Europe, Middle East, and Africa category. Additionally, it was featured in CNBC's Disruptor 50 list, highlighting its rapid growth and impact in the fintech industry.

Wikipedia

Flutterwave continues to expand its services and geographical reach. In August 2024, the company obtained a payment services license in Ghana, marking its presence in the 34th African country. This expansion aligns with its mission to simplify payments for endless possibilities, reinforcing its position as a leading payment solutions provider in Africa and beyond.