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    Flutterwave

    Endless payment possibilities for global merchants and individuals.

    Quick facts

    Headquarters
    Lagos, Nigeria
    Founded
    2016
    Team size
    501–1000 employees
    Funding stage
    Series C+
    01About

    About Flutterwave

    Flutterwave is a financial technology company that provides a comprehensive payment infrastructure for global merchants and payment service providers. Founded in 2016, the company facilitates secure and seamless exchange of funds, helping businesses, startups, and individuals navigate the complexities of the African financial landscape. By offering a unified API, Flutterwave enables its users to bypass the inefficiencies of traditional banking systems, such as fragmented payment corridors and high fraud risks. The platform supports a wide array of payment methods, including debit and credit cards, mobile money, and bank transfers, while providing tools for e-commerce, automated invoicing, and professional money transfers. Through its infrastructure, the company serves as a bridge connecting African businesses to the global economy, allowing enterprises to scale across borders and individuals to manage remittances and online shopping with ease. With its headquarters in Lagos and San Francisco, it continues to drive digital transaction growth in emerging markets.

    Flutterwave was established to address significant inefficiencies in the African payments ecosystem, where a high reliance on cash and fragmented banking systems once hindered digital commerce. The company provides a robust infrastructure that abstracts the complexities of multiple payment integrations into a single API, allowing developers to build financial products rapidly.

    The firm operates as a major gateway for global enterprises looking to expand into Africa and for African businesses aiming to reach international markets. It holds a banking license in Nigeria and processes millions of transactions daily, leveraging its technology to support over 30 currencies and diverse payment methods ranging from USSD to virtual cards.

    What they do

    Flutterwave provides a payment infrastructure and API suite that enables businesses to accept payments, manage payouts, and sell products online. Its platform serves global enterprises, small businesses, and individuals through automated checkout systems, e-commerce tools, and remittance services.

    Products and service lines

    Online CheckoutFlutterwave StorePayment LinksTransfers and PayoutsVirtual CardsAfritickets

    Highlights

    • Founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola.
    • Achieved unicorn status in 2021 following a $170 million Series C funding round.
    • Processed close to $2 billion in payments and 25 million transactions as of recent reports.
    • Handles an average of 500,000 daily payments with peaks of 231 API requests per second.
    • Secured a total of $475 million in funding through a Series D round.
    • Established operations in over 33 African countries including Nigeria, Kenya, and South Africa.

    Talent and hiring

    The company recruits cross-disciplinary talent across engineering, product, and commercial sectors to build its global payment infrastructure. It emphasizes values such as customer focus and innovation, seeking individuals capable of scaling ideas from zero to one.

    Software EngineerProduct DesignerLegal and Compliance OfficerProduct ManagerBusiness Development ManagerCustomer Experience SpecialistMarketing Strategist
    Hire talent like this

    Funding and scale

    Flutterwave is a private unicorn valued at over $1 billion, having raised a total of $475 million in funding with a workforce of over 745 employees.

    Markets served

    NigeriaKenyaUgandaGhanaSouth AfricaUnited StatesCanadaEurope

    Customers

    • Uber
    • MTN
    • Microsoft
    • Wise
    • Piggyvest
    • Air Peace
    • Chipper Cash

    Industries served

    • Retail
    • SaaS
    • Marketplaces
    • Financial Services

    Languages

    • English
    • French
    • Portuguese

    Certifications

    • PCI DSS Level 1
    • ISO/IEC 27001
    • SOC 2 Type II
    02Case studies

    What Flutterwave has shipped

    • Uber

      Powering cross-border payouts for Uber

      Flutterwave handles Uber's driver payouts across 8 African markets, cutting settlement time from days to minutes.

      Outcome: Sub-minute payouts across 8 markets

    • Netflix

      Enabling Netflix subscriptions in local currency

      Flutterwave's local acquiring infrastructure powers Netflix payments in Nigeria, Kenya and South Africa.

      Outcome: Local currency billing in 3 anchor markets

    04Team

    Team breakdown

    • Engineering

      240

    • Compliance & Risk

      90

    • Commercial

      120

    • Support

      80

    05Awards & recognition

    Recognition & awards

    • Africa's Fastest-Growing Company

      2022 · Financial Times

    • Fintech Unicorn

      2021

    08Reviews

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