Flutterwave is an online payment portal founded in 2016 by Andela co-founder Iyin Aboyeji and Olugbenga Agboola and headquartered in San Francisco, California, with offices across African countries (Lagos, Nairobi, Accra, and Johannesburg).
Flutterwave was founded to provide technology, infrastructure, and services that enable global merchants, payment service providers and Pan African banking bridging the gap between Africa and the rest of the world.
With over 50 banks as partners in Africa and over 100million transaction processed, Flutterwave has not only announced itself as the most trusted payments partner of African businesses, its seamless online payment in one simple step has been impacting how Africans transact.
Flutterwave has also shown a niche for providing localized payment solutions to businesses and corporate organizations which have drastically reduced the time and cost of transacting to the barest minimum by making payments and accepting payments simple via the simple mobile payment gateway solution.
Also, the Fintech recently announced a groundbreaking partnership with Alipay, providing flutterwave merchants access to more than one (1) billions Alipay users, thus, opening the continent to the second-largest economy in the world.
Flutterwave’s mission is to inspire a new wave of prosperity across Africa by building a payment infrastructure to connect Africa to the global economy. Flutterwave helps businesses across Africa go global by making the exchange of funds easy in more than 150 currencies. As they have made it easier for Africans to build global businesses that can connect across Africa and the world, thus receiving and sending payments easily.
Rave by Flutterwave is more than a payment portal, it’s the Flutterwave ecosystem payment portal designed to make intra-Africa and pan-Africa payment safer and more secure. It’s a Flutterwave’s experience that provides round the clock customer service experience to its users, anytime, anywhere in the world with low charges and the technology with less than 5% transaction failure rate.
Rave by Flutterwave is known to be so good, safe and secured that the list of businesses deploying this payment platform keeps growing. Some of these businesses include Africa’s largest e-Commerce platform Jumia, Airlines such as Flywire and Arik, Uber, 1xBet, HNG internship amongst others.
However, unlike other payment platforms, what set out Flutterwave from the rest is not only its safe, secure, seamlessly fast and simple integrated modern payment platform or its fantastic user experience but the company’s vision to merge seamless transaction experience with financial discipline by helping users manage their finances better.
The embodiment of this vision birthed Barter by Flutterwave which combines a payment platform with a financial management platform where users can send and borrow money, recharge your lines and pay bills and utilities such as cable subscriptions (DStv, Gotv).
Flutterwave have continued to lead the charge among online payments platform on the continent by combining rave: an integrated payment platform that provides simple mobile payment gateway solution, processing millions of transactions per annum which has changed the way businesses are run on the continent; with barter: an all-in-one platform designed to make and accept payments, manage finances and pay bills and other utilities making life easier for millions of people on the continent.
Little wonder the company has continued to reach various milestones alien to payment platforms especially ones with core operations on the African continent such as raising capital funds over the year starting with the $10 million Series A round of funding in 2017 led by Greycroft Partners and Green Visor Capital with participation from Y combinatory and Glynn capital which was geared towards hiring more talents and expand its operations across Africa serving more than 26,000 businesses on the continent as there secured payment portal. Next time you’re asked “What is Flutterwave?”, it is safe to say Flutterwave is the bridge between Africa and the world.