Flutterwave

We met Olugbenga “GB” Agboola and the Flutterwave team in January 2017 and visited Africa in March 2017 and were inspired by his desire to transform the way Africa transacts digitally. GB is a serial entrepreneur and former software engineer with PayPal in the Bay Area and Africa and sold his first Africa payments startup (a QR code payments application) to access bank before founding Flutterwave.

Headquartered in San Francisco and Lagos, Flutterwave is building modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy and accelerate the continent’s transition from cash to digital payments. The company's core technology enables merchants to accept payments across all payment channels - including 276 mobile wallets, 500+ financial institutions, and over a dozen local and global card networks - with only a few lines of code.

Some of the company’s top customers include Uber, Facebook, Netflix, Microsoft, Transferwise, and many of the major airlines. The company recently launched Flutterwave Store, a turnkey solution for small merchants in Africa to begin selling online (akin to Shopify), with Flutterwave’s infrastructure embedded to process the payments.

Flutterwave is building the modern payments processor for Africa. In January 2020, the company raised a $40m Series B co-led by Greycroft and eVentures, with participation from Visa, Worldpay, Endeavor, Salesforce Ventures, and Anthos Capital. FTC has been an investor since the Series-A.

Current Status: Active