now valued at over $1 billion: #Flutterwave, an #Africanfintech #startup has secured $170 million in capital injections from #investors, the firm said in a statement.
The new capital flows — facilitated by “a leading group of international investors” — will bolster Flutterwave’s client base in the global market, the statement said.
“The #fundraise brings the total #investment in Flutterwave to USD $225 million and is one of only a very small number of African fintech companies to have raised significant #funds in a period of widespread disruption and economic uncertainty,” the statement added.
Founded in 2016, Flutterwave provides #digital #payment services for #smallbusinesses in #Africa. Its Nigerian chief executive, Olugbenga Agboola, said on #socialmedia Wednesday that the #tech firm had aimed to “build a payments #technology #infrastructure that connects Africa to the #globaleconomy by making local and international payments seamless.”
