1 Aug 2017

Iyinoluwa Aboyeji has secured over $10million in Series Funding for Flutterwave,

Iyinoluwa Aboyeji, the 26-year-old co-founder of Andela (Andela trains and connects African developers to global companies), has secured over $10million in Series Funding for his second startup company Flutterwave, which he is a co-founder.

Flutterwave, is a Nigerian Fintech startup that provides morden payment infrastructure for banks and businesses to make and accept payments in local currency with local debit cards, bank accounts or mobile wallets from across Africa. 

U.S. investors just poured $10 million of fresh funding into it. The round was led by Greycroft Partners and Green Visor Capital with participation from Y Combinator and Glynn Capital. In conjunction with the funding, Joe Saunders, chairman and general partner at Green Visor Capital, joined Flutterwave’s board of directors.

With this new funding, Flutterwave intends to use the funds to hire talent, build out its global operations and accelerate its expansion across Africa. Currently, Flutterwave processes more than $1.2 billion in payments across 10 million transactions. It also accepts 350 currencies across 30 African countries, charging merchants a small service charge, which it shares with banks.

Flutterwave has offices in Lagos, Nairobi, Accra, and Johannesburg.