March 11

Flutterwave Has Raised $170 Million With a Bid to Connect Africa’s Digital Payment Landscape

By Carlos Mureithi

Flutterwave, an Africa-focused payment technology company, has raised $170 million in a Series C round, positioning itself to further connect and capitalize on the continent’s thriving yet highly fragmented digital payment landscape.

The round now values the company at more than $1 billion. It was led by the US-based investment firms Avenir Growth Capital and Tiger Global Management, with participation from new and existing investors including DST Global and Salesforce Ventures. The latest funding brings the total investment in the five-year-old company to $225 million.

Photo courtesy of Simon Berry.

Source: Quartz Africa (link opens in a new window)

digital payments