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. REUTERSAfolabi Sotunde

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.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In