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The Unicornization of African Fintech
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How young Nigerians built Flutterwave, a $1bn Silicon Valley-based tech firm
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How young Nigerians built Flutterwave, a $1bn Silicon Valley-based tech firm
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Africa-Based Payments Tech Flutterwave Joins Forces With PayPal
Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it has joined force with global digital payments giant
PayPal. Flutterwave reported that through the partnership, PayPal customers will be enabled to pay African merchants in the continent through Flutterwave’s platform.
According to Flutterwave, the collaboration with PayPal will be instrumental in supporting small businesses and freelancers to overcome the many challenges currentlypresented by the highly fragmented and complex payment and banking infrastructure, as well as connecting them with more than 377 million PayPal account holders globally.
It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insufficient regulation and poor banking security in said countries. That might be a thing of the past for some businesses, as African payments […]