Africa Focused Currency Company Flutterwave is now Valued at Over $1 Billion

Founded in 2016, Flutterwave is a company that works as a payment processing company that makes it easier for countries throughout Africa to do business together by allowing users to make international payments in their own currency.

On March 9, the San Fransico based company announced that it had secured $170 million from a international investment group making for a successful Series C round. This latest investment comes after Flutterwave announced a partnership with Visa and Worldpay last year which also highlights the growing interest in the booming payment market in Africa.

“We may consider the possibility of listing in New York or a possible dual listing in New York and Nigeria,” Flutterwave’s CEO and co-founder Olugbenga Agboola told Reuters on Tuesday.

The previous fundraise brings the total investment in Flutterwave to $225 million and the company is valued at $1 billion.

[source]

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