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Flutterwave eyes USD 3 billion valuation ahead of possible IPO

Monday 18 October 2021 14:15 CET | News

Nigeria-based fintech Flutterwave has planned to acquire fresh funding at USD 3 billion to triple its present valuation.

According to sources familiar with the situation cited by www.technext.ng, the fintech in Africa has been in talks with potential investors. As such, a new series of funding is possible upon an agreement of terms of the funding rounds.

The company, which has an infrastructure to reach over 33 African countries, attained unicorn status in March after a USD 170 million series C funding. The fintech startup had closed a USD 35 million Series B in 2020, two years after raising USD 20 million Series A funding. 

Speaking on the funding in March, company officials hinted at the possibility of an IPO listing and creating exit tools for its investors.


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Keywords: online payments, funding, Unicorn, fintech, startup, Flutterwave
Categories: Payments & Commerce | Online Payments
Countries: Nigeria
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