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.
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