Wednesday
January 22
2020

African Fintech Firm Flutterwave Raises $35M, Partners With Worldpay

By Jake Bright

San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa.

With the funding, Flutterwave  will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB — told TechCrunch.

The company will also expand capabilities to offer more services around its payment products.

“We don’t just want to be a payment technology company, we have sector expertise around education, travel, gaming, e-commerce, fintech companies. They all use our expertise,” said GB.

Photo courtesy of Anaya Katlego.

Source: TechCrunch (link opens in a new window)

Categories
Finance
Tags
business development, digital payments, emerging markets, fintech, startups, technology