Iyinoluwa Aboyeji’s Flutterwave raises over $10 Million in new series A funding
Flutterwave, a Nigerian fintech startup, has raised over $10 million in a Series A funding. The company founder and CEO , Iyinoluwa Aboyeji, announced via Medium on Monday that the new funding was led by Greycroft Partners and Green Visor with participation from investors like Glynn Capital.
Before now, Flutterwave had investors such as Silicon Valley’s Y Combinator. It plans to use the new investment to hire more talent, expand across Africa and strengthen global operations.
Aboyeji was part of the team that co-founded Andela, before he left in 2016 to start Flutterwave.
According to his post, $1.2 billion in payments has been processed with over 10 million transactions and 10 bank partners across Africa, since Flutterwave started, over a year ago.
The next big thing for the Flutterwave team is the deployment of global payments solutions which will make it easier for Africans to make and accept payments for whatever they want and in whatever currency or payment method they want across the world.
Deji Aroloye29 Posts
a graduate of Linguistics and a staff writer at Outrepreneurs, Deji's forte includes tech, startups and innovations. Years back, Deji wrote on Entertainment and Lifestyle for a tabloid. If he wasn't a writer, Deji would be a photographer or teacher.