Nigerian payment gateway provider Flutterwave has announced it has secured $10 million from Greycroft Partners and Green Visor. Iyinoluwa Aboyeji, Co-founder & CEO, Flutterwave, said the new capital will be used to hire more talent, build out global operations and fuel rapid expansion of the company across Africa.
“Today, the results of our work in enabling rapid growth for African businesses speak for themselves; $1.2 billion in payments processed. Over 10 million transactions. 10 Bank Partners across Africa. All in just a little over a year of operations. Together with you — our community, our investors, our customers, our supporters, our partners and our family — we have built one of the fastest growing payments companies of all time. From Africa,” Aboyeji said.
He revealed that what the company will be doing next is to build a global payments technology company that changes how the world does business with Africa.
“This is why we have partnered with Greycroft, Green Visor, Glynn Capital and Y Combinator — the same teams that helped fund and build global payments giants like Braintree, Stripe, Xoom, Square and Visa,” Aboyeji said.
“At Flutterwave, we believe that as software eats the world, the digital economy will increasingly become the new global economy. On the internet, anyone can build a global business from anywhere. Yet, for Africans doing business in the digital economy, it is so much harder than it needs to be.”
“Flutterwave’s global payments solutions will make it easier for Africans to participate in the digital economy so you can make and accept payments for whatever you want, in whatever currency or payment method you want, across the globe. If we are successful, we might just inspire a new generation of Africans to flip the question from “what more can the world do for Africa?” to ‘what more can Africa do for the world?'”