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Friday, August 19, 2022

Flutterwave Valuation Hits $3bn After $250m Series D Funding

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Africa’s fintech company, Flutterwave is currently valued at over three billion dollars following the $250 million it raised in its Series D funding.

The company made the announcement in a statement on its website on Wednesday.

Flutterwave said it has become the highest-valued African start-up with this investment.

According to the statement, Flutterwave’s latest backers include some of the world’s most respected investors led by B Capital Group, and with participation from Alta Park Capital, Whale Rock Capital, Lux Capital, among others.

Several existing investors, who also participated in previous rounds also followed this round, including, Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital, Salesforce Ventures.

The new funds will drive Flutterwave’s expansion plan to accelerate customer acquisition in existing markets and growth and develop complementary products while encouraging new innovations in its products and services development.

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