Flutterwave raises $10 million in Series A funding round – Flutterwave, the payment company founded by Iyinoluwa Aboyeji, has just raised over $10 million in a Series A funding round. Greycroft Partners and Green Visor led the new funding round with existing investor Y Combinator and new investors like Glynn Capital.
Flutterwave builds underlying unified payments infrastructure for African businesses to accept card, mobile money, and bank account payments.
In a year of operation, Flutterwave has garnered 10 banking partners across Africa and processed over 14 million transactions worth ₦1.5 billion in the last 12 months.
According to an official blog post, the new capital will hire more talent, build out global operations and fuel rapid expansion across Africa.