Flutterwave, an African payments technology company, said its business is nearing profitability due to progress made in cost management and improved efficiency in the first half of 2025.
Flutterwave is valued at around $3 billion and continues to be Africa’s most valuable fintech startup, having processed $31 billion in transactions in 2024,
“By June 2025, our monthly margin had doubled compared to our 2024 average, a clear sign that our focus on sustainable growth is delivering results,” Flutterwave Founder and CEO Olugbenga “GB” Agboola said in its 2025 half-year review seen by MoneyCentral.
Flutterwave secured 20 new Money Transmitter Licenses (MTLs) in the U.S., giving it 34 in total and allowing it to operate independently in key states. It also has partnerships in Saudi Arabia and Turkey.
Key Highlights of Flutterwave’s Half Year 2025 operations include:
- Recorded a 2x monthly margin by June 2025 compared to our 2024 average, a direct result of our laser focus on cost discipline and efficiency.
- Achieved approximately 20% TPV growth in enterprise payments YoY, reflecting the impact of its strategic focus on core segments.
- Secured 20 new U.S. Money Transmitter Licenses, totaling 34 direct licenses without intermediaries.
- Expanded operations in Ghana, Senegal, Cameroon, and Zambia, strengthening regulatory standing.
- Completed the company’s first group-wide audit successfully, aligning financials with international standards.
“We’re not chasing vanity metrics. We’re building a company that outlasts the hype, that scales with discipline, and that puts African innovation at the center of the global economic map. Our half-year 2025 review was proof that we’re executing on a long-term plan,” Agboola stated in his half-year review message.
Flutterwave’s first half of the year was also defined by product innovation and an increasing market depth through strategic partnerships across various sectors and regions, including:
- Facilitating close to $1 billion in transactions between Africa and Asia, attracting major East Asian players such as Norafirst and Skyee.
- Collaborating with Chapter AI to enhance social commerce for SMEs in 11 countries.
- Partnering with Global Remit to expand the Send App for remittances to the UAE, UK, EU & US.
- Joining forces with Circle to offer stablecoin settlement options for enterprise merchants.
Flutterwave said it completed its first-ever group audit and consolidated financials.
“It means we’ve successfully undergone an independent, comprehensive review of our financials across all our entities, held to international standards. This is a strong signal of our maturity, transparency, and readiness to operate at a truly global scale,” Agboola said.
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