What is Flutterwave?
Flutterwave, founded in 2016 and headquartered in San Francisco, California, operates as a critical B2B digital payment API. It provides essential services for global merchants and payment service providers, particularly focusing on facilitating transactions across Africa. The company's platform simplifies complex payment processes, enabling businesses to accept and process payments from various sources, thereby bridging gaps in the continent's financial infrastructure. This strategic positioning has made Flutterwave a key enabler of digital commerce in emerging markets.
How much funding has Flutterwave raised?
Flutterwave has raised a total of $475M across 4 funding rounds:
Series A
$20M
Series B
$35M
Series C
$170M
Series D
$250M
Series A (2018): $20M with participation from CRE Venture Capital, Omidyar Network, Green Visor Capital, Y Combinator, Mastercard, Greycroft Partners, 4DX Ventures, Raba Capital, HOF Capital, Fintech Collective, Glynn Capital, CRE Ventures, and Social Capital
Series B (2020): $35M led by VISA, FIS Global, eVentures, Greycroft Partners, CRE Ventures, and Green Visor
Series C (2021): $170M supported by TriplePoint Venture Growth BDC, DST Global, Worldpay Group, Insight Partners, Green Visor Capital, Greycroft Partners, Salesforce, Early Capital, 9Yards Capital, and Avenir Chrono
Series D (2022): $250M featuring B Capital Group, Alta Park Capital, Lux Capital, and Whale Rock Capital Management
Key Investors in Flutterwave
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle.
Alta Park Capital
Alta Park Capital is an investment adviser focusing on technology, media, and telecommunications sectors. The company was founded in 2013 and is headquartered in San Francisco, California.
Lux Capital
Lux Capital is a New York based venture capital firm that raises dedicated funds to invest in earlystage and growthstage companies at the intersection of science and technology, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials from seed through IPO or acquisition.
What's next for Flutterwave?
With its recent major strategic investment, Flutterwave is poised for accelerated growth and enhanced service offerings. The company is likely to leverage this new capital to expand its technological capabilities, deepen its market penetration across Africa, and potentially explore new geographic regions. Further development of its payment infrastructure and API services will be crucial for maintaining its competitive edge and supporting the increasing demand for digital financial solutions. This enterprise-level backing signals strong investor confidence in Flutterwave's long-term vision and its capacity to drive significant change in the global payments ecosystem.
See full Flutterwave company page
