1. Flutterwave hits “unicorn” status after closing $170m from investors
Nigerian payments startup Flutterwave has announced closing a US$170 million Series C funding round, taking its valuation to over US$1 billion.
The raised amount is the largest amount ever secured by an African tech startup.
The five-year old Fintech player builds modern payments technology and infrastructure for Africa to enable people and businesses connect with the global economy.
Reports revealed that the solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.
In August 2017, the startup raised US$10 million in Series A funding while it raised another US$35 million Series B in January 2020.
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We may consider possible dual listing in New York, Nigeria –CEO Olugbenga Agboola
Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African tech startup and one that gives it “unicorn” status with a value of over $1bn.
As reported variously by online platforms, including Tech Crunch and Disrupt Africa, Flutterwave is one of several fintech groups aiming to facilitate and capitalise on a booming African payments market driven by increased mobile phone use and faster internet speeds.
Launched in 2016 and headquartered in San Francisco, Flutterwave builds modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy.
Click HERE to find out ⭐ Africa-Based Payments Tech Flutterwave Scores $170 Million Through Series C Funding Round Co-Led By Avenir Growth Capital & Tiger Global Management. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.