Fintech startup Flutterwave raises $250 million at over $3 billion valuation

FILE PHOTO: A man poses as he displays the Flutterwave homepage on a mobile phone screen in Abuja, Nigeria January 21, 2020. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - Africa-focused fintech firm Flutterwave said on Wednesday it had raised $250 million in its single-biggest funding round to date, valuing the startup at more than $3 billion, as it targets mergers and acquisitions, and growing existing customer base.

The latest funding round was led by investors including Facebook Inc co-founder Eduardo Saverin's venture capital firm B Capital Group and Boston-based hedge fund Whale Rock Capital Management, Flutterwave said.