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Flutterwave Reportedly Becomes The Highest Valued African Startup, Raises $250M Series D Funding Round

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. 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...

Ngozi Nwanji

Feb 16, 2022

Barbershop Appointment App SQUIRE Technologies Triples Its Valuation To $750M Overall

Barbershop scheduling app SQUIRE continues to grow amid its success with users according to its latest funding round. A press release reports that SQUIRE Technologies, Inc. — the only full scale barbershop management and POS system of its kind — has raised a $60 million Series D, bringing its total raised since launching to roughly $165 million, thus tripling its valuation to $750 million overall. The funding round was led by Tiger Global, with participation from existing investors such as ICONIQ Capital, Charles River Ventures and Trinity Ventures. Since 2015, SQUIRE has been offering its unique slate of services to benefit shop owners looking to scale their businesses and clientele, allowing them to cut back on time spent managing back office operations. With its new funding, the company plans to expand its engineering teams and increase sales as it continues to grow exponentially beyond its existing markets. “Our software helps our customers with nearly every workflow in their...

Njera Perkins

Jul 28, 2021