Flutterwave leads the African startup community as a unicorn FinTech platform to worth a $3bn net valuation. The Nigerian payment startup continues to raise rounds of funds to accelerate its operations and company’s equity — likewise the latest Series D round Flutterwave closed at $250, Techbooky reports.
Flutterwave’s Series D round happens to be the highest funding round the payment startup company has raised in contrast with other FinTech platforms in Africa. The previous Series C round Flutterwave raised accumulated to $170m. Flutterwave’s Series C round bolstered the startup payment company valuation to attain a unicorn status-quo.
Flutterwave existence in the remittance sector is not up to a decade, yet the payment startup company has reportedly raised expensive funds. Recall Flutterwave’s Series A round closed at $20m, while the Series B round closed at $35m — this series of fundraising has contributed to Flutterwave’s current unicorn state.
Flutterwave is currently Africa’s behemoth startup company selling its potential to venture capitalists in exchange for seed offerings. Likewise contributes to the enormous users base, including individuals and merchants equivalent to thirty thousand. Flutterwave is set to inject the latest $250m Series D round into its operations to accelerate the payment system past its startup phase.
Flutterwave has completed millions of transaction that amounts to billions of dollars — this also contributed to the payment startup unicorn valuation. Flutterwave’s current “completed transaction” has purportedly amounted to over 200 million successful transactions — this is also equivalent to a $16bn worth of legal tender flown through Flutterwave’s remittance network.
Flutterwave operates as a mobile money wallet permitted to be fused with cards to process bank transfers. The Nigerian payment startup is available for more than 30 countries without having a diverse currency range as a barrier.
Currency exchange happens to be a significant barrier Flutterwave has outplayed since it debuted in the remittance sector. The Nigerian startup payment gateway has reportedly expanded to add e-commerce to its list of services — with Flutterwave Market and Flutterwave itself, the startup FinTech company is bound to be Africa’s behemoth payment company managing expensive net worth.
Flutterwave’s current net value exceeds its close counterparts, Opay’s valuation — Opay is another unicorn remittance platform worth over $2bn. Aside from Flutterwave’s lavish report, other African unicorn startup FinTech company includes Chipper Cash, PalmPay, Chari, Opay, Bamboo, Wave, etc. Still, Flutterwave set to modify its payment gateway and its e-commerce platform with a customers service system active at all times.