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Flutterwave Announces $35 Million Series B Funding, Partners WorldPay

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Customers of African fin-tech startup, Flutterwave received emails informing them that the startup has raised $35 million in series B funding and a partnership with WorldPay.


Flutterwave’s CEO Olugbenga Agboola in the mail identifies the key to the startups’ growth as keeping their customer’s needs and growth at the heart of everything the company does.


The round was co-led by Grey Croft & eVentures with additional participation from CRE Ventures, FIS, Visa, Green Visor, and Endeavor.


Flutterwave says the funding will enable it to continue to provide innovative solutions for businesses to make and receive payments seamlessly.


The company also aims to “continue to connect Africa to the rest of the world by making sending and receiving payments as frictionless as possible for banks, businesses, and individuals.”



Apart from the funding, the company also announced its expansion into regions like Francophone and North Africa. This helps it provide more avenue for businesses to expand and create payment solutions in those regions.

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Part of the deal makes Flutterwave an African payment provider for Worldpay’s clients worldwide. This makes the company the latest African fin-tech firm to attract global partnerships. Although the agreement makes Flutterwave WorldPay’s only partner in Africa, there is no exclusivity in the deal.

Flutterwave to scale up and expand Barter as part of growth

Visa had also partnered with Flutterwave in 2019 on a consumer payment platform, GetBarter which provides payment solutions across borders.


As part of this funding round, Flutterwave will also scale up and expand Barter. This will see it issue physical and virtual Visa cards and also access Visa’s networks in processing its payments.


“We don’t just want to be a payment technology company, we have sector expertise around education, travel, gaming, e-commerce, fin-tech companies. They all use our expertise,” CEO Olugbenga Agboola told TechCrunch.


Flutterwave had processed $5.4 billion dollars for businesses and individuals as of December 2019.


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