Flutterwave, a FinTech company that provides payments infrastructure for banks and businesses to make and accept payments across Afrika, has raised over $10 million in a Series A funding round. The round was led by Greycroft Partners and Green Visor Capital.
Flutterwave has been making some notable strides in 2017. Among them being a bot payments provider for secure messaging app Telegram.
“The digital economy is the new global economy. Yet despite its incredible promise, Africa is excluded from it because of several challenges with its outdated and fragmented payment systems. Flutterwave is building modern payments infrastructure to power growth for the digital economy of one of the fastest-growing regions in the world,” said Iyinoluwa Aboyeji, CEO and Co-founder at Flutterwave.
Flutterwave in numbers.
The Series A funding round also saw participation from Y Combinator and Glynn Capital.
To date, Flutterwave reports that it has already processed over $1,2 billion in payments.
“We are excited to work with world-class investors who have helped build global payments giants like Visa and Braintree to achieve our mission of building modern payments infrastructure to connect Africa to the global economy,” concluded Aboyeji.