Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion.
Capital Raised to Fund Flutterwave’s Expansion Plans
The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D funding round. The latest capital raise, led by B Capital Group, saw the fintech firm’s valuation increase to over $3 billion.
According to a statement on the remittance and payments service provider’s blog, Flutterwave is planning to use the capital raised to drive its “ambitious expansion plan to accelerate customer acquisition in existing markets and growth through M&A.” In addition, the fast-growing fintech startup said it will use the funds to “develop complementary products while encouraging new innovations in its products and services development.”
Flutterwave’s confirmation of its latest capital raise comes almost twelve months after the fintech startup successfully raised $170 million. That capital raise resulted in Flutterwave becoming one of the African fintech startups with a valuation exceeding $1 billion. After this latest capital raise, Flutterwave has now raised a total of $475 million since its inception in 2016.
Flutterwave’s Global Backing
In remarks following the latest capital raise, Olugbenga Agboola, founder and CEO of Flutterwave, explains the company’s journey and how prominent international investors are attracted to the startup. Quoted in the blog post, he said:
“We set out to build a platform that simplifies payments for everyone and today, our solutions are used across the globe to connect Africans to the world and the world to Africans … This latest funding demonstrates the conviction of some of the world’s leading investors in both our business model, team and the Africa technology market.”
For his part, David Glynn, the managing partner of Glynn Capital, said his firm was looking forward “to supporting the company [Flutterwave] as it addresses its significant growth opportunity in the years ahead.”
Besides B Capital Group, which led the funding round, Glynn Capital, an investor in Flutterwave since 2017, also participated. Other participants included Alta Park Capital, Whale Rock Capital, and Lux Capital.
What are your thoughts on this story? Tell us what you think in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Hola! I’ve been following your web site for some time now and finally got the courage to go ahead and give you a shout out from Houston Tx! Just wanted to say keep up the great work!
isotretinoin 20mg cost generic stromectol 6mg where to buy stromectol online
This is very interesting, You’re a very skilled blogger. I have joined your rss feed and look forward to seeking more of your fantastic post. Also, I’ve shared your website in my social networks!
order doxycycline 100mg online levitra medication purchase lasix sale
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
You made some decent points there. I did a search on the subject and found most people will approve with your website.
Just wish to say your article is as astounding. The clearness in your submit is simply excellent and i can think you are knowledgeable on this subject. Well with your permission let me to grab your feed to stay updated with approaching post. Thank you one million and please keep up the gratifying work.
Thanks for your personal marvelous posting! I quite enjoyed reading it, you are a great author.I will ensure that I bookmark your blog and definitely will come back later in life. I want to encourage that you continue your great posts, have a nice evening!
Normally I do not learn article on blogs, but I would like to say that this write-up very compelled me to check out and do so! Your writing taste has been amazed me. Thank you, quite great article.
Hey just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Safari. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I figured I’d post to let you know. The style and design look great though! Hope you get the problem fixed soon. Many thanks
Real instructive and great complex body part of articles, now that’s user friendly (:.
Howdy would you mind letting me know which hosting company you’re utilizing? I’ve loaded your blog in 3 completely different browsers and I must say this blog loads a lot faster then most. Can you suggest a good web hosting provider at a reasonable price? Thanks, I appreciate it!
What i don’t understood is actually how you are no longer really a lot more smartly-preferred than you may be right now. You are so intelligent. You understand thus significantly with regards to this subject, produced me personally imagine it from so many varied angles. Its like women and men are not involved until it is one thing to do with Woman gaga! Your personal stuffs excellent. At all times care for it up!
Very interesting information!Perfect just what I was looking for!
you are really a good webmaster. The site loading speed is incredible. It seems that you are doing any unique trick. Furthermore, The contents are masterpiece. you have done a great job on this topic!
Hi, I do believe this is a great website.“오피뷰”
I stumbledupon it 😉 I may revisit once again since I bookmarked it. Money
and freedom is the greatest way to change, may you be rich and continue to guide other people.
Hi my loved one! I want to say that this article is amazing, great written and come with almost all vital infos. I would like to see extra posts like this .
I think the admin of this site is genuinely working hard in support of his web page,
온라인바카라 as here every data is quality based data.
You can definitely see your expertise within the work you write. The sector hopes for more passionate writers such as you who aren’t afraid to mention how they believe. Always follow your heart.