The African FinTech Start-up giant Fluttawave have secured an unprecedented amount in a serial C round of funding totalling about $170 USD which turned out to be a pacesetter amongst equals.
In 2017, flutterwave had raised US $10Million in Series A and an extension round was done 2018 then last year, a total of $35 USD was raised in serial B early January. It has now added to that funding with a record-breaking Series C round worth US$170 million, which takes the value of the company to over US$1 billion.
Leading the pack is US-based investment firms Avenir Growth, Tiger Capital , Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, and WorldpayFIS 9yards Capital.
What you should know.
Flutterwave has an active presence in 11 African countries, including Nigeria, Ghana, Kenya, and South Africa, and at the time of its Series B just over one year ago had processed 100 million transactions valued at over US$5.4 billion.
What you must know.
Flutterwave was lunched in 2016 and build modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.
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