Flutterwave has reached exponential heights within the span of six years. AfroTech previously reported that the Nigeria-based fintech startup raised a $170 million Series C round in March 2021. “We will continue to connect you to a world of opportunities and growth, to make it possible for you to reach your customers wherever they are and create endless possibilities for your business,” Flutterwave wrote via an Instagram post following the Series C round. https://www.instagram.com/tv/CMOphnrHe2s/?utm_source=ig_web_copy_link Now, slightly less than a year later, the company has closed on a recent funding round to power its mission of helping provide payment infrastructure across the African continent. Quartz Africa reports that Flutterwave has raised $250 million in a Series D round at a $3 billion valuation, reportedly making it the highest valued African startup. For the list of investors, click here. The latest funding will go toward “expansion and customer acquisition, by looking...

After closing a $170 million Series C funding round, Nigerian FinTech startup Flutterwave has announced a new collaboration with payments giant PayPal to allow customers worldwide the option of sending and receiving payments from African merchants, TechCrunch reports. According to the outlet, it has been nearly impossible for businesses in some African countries to receive money from PayPal — which is rumored to be due to insufficient regulation and poor banking security — but that’s changing now thanks to a new feature on the platform called “Pay with PayPal.” Through this partnership, Flutterwave is allowing African businesses to connect with the 377 million existing accounts on PayPal’s global platform to help resolve the complex and broken banking infrastructure on the continent and eliminate the barrier of cross-border commerce. “In a nutshell, we’re bringing more than 300 million PayPal users to African businesses so they can accept payments across the continent,” CEO...

Flutterwave , the San Francisco-based payment processing platform that has enriched the transaction infrastructure of businesses worldwide, has just made a giant leap into the investment ecosystem. The pioneering company recently closed its Series B funding round having raised a whopping $35 million . Flutterwave, led by CEO and co-founder Olugbenga Agboola , was established in 2016.  Former bankers, engineers, and innovators created the company with the goal of assisting Africans in establishing global businesses by devising payment technology to link Africa to the global economy . Its payment technology was designed to facilitate seamless integration with international and domestic payment systems. The closing of the funding round and the announcement of a new partnership represents the dawn of a new day for Flutterwave. The company is now joining forces with Worldpay in Africa, broadening payment solutions across the continent. The deal sets the stage for a lucrative partnership,...