Flutterwave raises USD 35 mln, teams up with Worldpay

Wednesday 22 January 2020 15:04 CET | News

Fintech startup Flutterwave has raised a USD 35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa.

According to TechCrunch, with the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries. Moreover, the company will expand capabilities to offer more services around its payment products.

The Nigeria-based startup’s main business is providing B2B payments services for companies operating in Africa to pay other companies on the continent and abroad. The company will hire more business development staff and expand its developer team to create more sector expertise, TechCrunch reports.

The new round makes Flutterwave the payment provider for Worldpay in Africa.

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Keywords: Flutterwave, WorldPay, Nigeria, Africa, payment provider, partnership, startup
Categories: Payments & Commerce
Countries: Africa
This article is part of category

Payments & Commerce