Olugbenga Agboola, the CEO of Flutterwave, recently secured a new round of funding from investors from around the world. This latest investment, led by the American venture capital firm, Tiger Global Management, has boosted Flutterwave’s appeal and given it a more significant presence in the global payments market.
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This new funding round, including investments from the likes of Y Combinator, Green Visor Capital, and DST Global, brings the total amount of money raised by Flutterwave to over $20 million. The funds will be used to expand the company’s operations and infrastructure and develop new products and services.
Under Olugbenga Agboola and his leadership, Flutterwave has become one of the leading players in the payments market. The company’s technology platform, which is integrated with over 150 payment networks, allows businesses to securely and quickly accept payments from customers worldwide. In addition, the company provides a range of services and solutions, such as fraud protection and currency conversion, to help businesses maximize their revenue and growth.
With this new round of funding, Flutterwave is well-positioned to continue its growth and expand its global presence. Agboola’s leadership and vision have helped the company become a leader in the payments space, and the new investments will help it thrive in the years to come.
Flutterwave Partnerships and entrepreneurship communities
In addition to securing new funding, Olugbenga Agboola has also been actively engaging with partnerships and entrepreneurship communities. For example, Flutterwave recently partnered with Visa, one of the world’s largest payment networks, to enable merchants to accept Visa payments. The company has also been supporting start-ups, entrepreneurs, and small businesses across Africa by providing them with affordable payment solutions.
These partnerships and initiatives are helping Flutterwave expand its reach and further its mission to make payments more manageable and accessible. With Agboola’s leadership, and the new investments from global investors, Flutterwave will continue to grow and become a key player in the payments market.
What’s next after Series C for Flutterwave
The Series C funding round was led by Avenir Growth Capital, with participation from existing investors such as Greycroft, Green Visor Capital, and CRE Venture Capital. The funds will be used to expand Flutterwave’s operations across Africa and invest in product development.
Flutterwave’s mission is to increase financial inclusion in Africa by providing financial services to those who may not have access to traditional banking. This includes making payments and transfers easier and more secure.
The company plans to use the Series C funding to further its mission of bringing financial inclusion to Africa. It will focus on expanding its services to more countries, developing new products, and increasing its user base. Flutterwave is also looking to expand its team to support its growth.
Overall, Flutterwave’s Series C funding is a significant milestone for the company and sets them up for further success. With the additional resources and the team’s ambition to bring financial inclusion to Africa, Flutterwave is well-positioned to make more progress toward its mission.