Flutterwave
Flutterwave, founded in 2016, is a leading fintech company headquartered in Lagos, Nigeria, specializing in payment solutions across Africa and processing millions of transactions valued at nearly $20 billion.
Company Overview
Flutterwave, founded in 2016, operates in the fintech industry with a specific focus on payments. Headquartered in Lagos, Nigeria, the company aims to build a robust payments infrastructure that connects Africa to the global economy. With a team size of 500, Flutterwave operates across 33 African countries and offers both remote and partly remote services. The firm has processed close to $20 billion in payments across 100 million transactions, reflecting its significant impact on the financial ecosystem in Africa.
Founders
Flutterwave was founded by a team of veterans from notable organizations such as Standard Bank, Angela, PayPal, and Google Wallet. Their extensive experience in the financial and technology sectors has been instrumental in driving the company's mission to connect Africa to the global economy through innovative payment solutions.
Investment and Growth
Flutterwave's growth has been significantly bolstered by investments from several prominent funds including Ycombinator Continuity Fund, Greycroft, Greenvisor Capital, Omidyar Network, and Glynn Capital. This financial backing has helped the company scale its operations and enhance its payment processing capabilities across the African continent.
Achievements and Recognition
Flutterwave's contributions to the fintech space have been recognized through various accolades. In 2017, the company was named Africa’s best fintech company at the Apps Africa Innovation Awards. This recognition underscores Flutterwave's impact and leadership in the fintech industry, particularly within the African payments landscape.
Y-Combinator Involvement
Flutterwave participated in the S16 batch of Y-Combinator. This experience provided the company with valuable mentorship and resources to accelerate its growth and refine its business model, further solidifying its position in the fintech sector.