Flutterwave Raises $250 Million in Series D Funding Round, Startup Now Valued at Over $3 Billion

Fintech startup Flutterwave announced precocious that it has raised $250 cardinal from its Series D backing round. The backing round, which attracted planetary investors, saw the startup’s worth emergence to implicit $3 billion.

Capital Raised to Fund Flutterwave’s Expansion Plans

The Nigerian fintech startup Flutterwave precocious announced it raised $250 cardinal successful a Series D backing round. The latest superior raise, led by B Capital Group, saw the fintech firm’s valuation summation to implicit $3 billion.

According to a statement connected the remittance and payments work provider’s blog, Flutterwave is readying to usage the superior raised to thrust its “ambitious enlargement program to accelerate lawsuit acquisition successful existing markets and maturation done M&A.” In addition, the fast-growing fintech startup said it volition usage the funds to “develop complementary products portion encouraging caller innovations successful its products and services development.”

Flutterwave’s confirmation of its latest superior rise comes astir 12 months aft the fintech startup successfully raised $170 million. That superior rise resulted successful Flutterwave becoming 1 of the African fintech startups with a valuation exceeding $1 billion. After this latest superior raise, Flutterwave has present raised a full of $475 cardinal since its inception successful 2016.

Flutterwave’s Global Backing

In remarks pursuing the latest superior raise, Olugbenga Agboola, laminitis and CEO of Flutterwave, explains the company’s travel and however salient planetary investors are attracted to the startup. Quoted successful the blog post, helium said:

“We acceptable retired to physique a level that simplifies payments for everyone and today, our solutions are utilized crossed the globe to link Africans to the satellite and the satellite to Africans … This latest backing demonstrates the condemnation of immoderate of the world’s starring investors successful some our concern model, squad and the Africa exertion market.”

For his part, David Glynn, the managing spouse of Glynn Capital, said his steadfast was looking guardant “to supporting the institution [Flutterwave] arsenic it addresses its important maturation accidental successful the years ahead.”

Besides B Capital Group, which led the backing round, Glynn Capital, an capitalist successful Flutterwave since 2017, besides participated. Other participants included Alta Park Capital, Whale Rock Capital, and Lux Capital.

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