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Payments firm Flutterwave raises Sh28bn for acquisitions
Flutterwave, an African-focused financial technology firm with a presence in Kenya, has raised $250 million (Sh28.41 billion) largely for funding mergers and acquisitions in the growing payments market on the continent. PHOTO | COURTESY | FLUTTERWAVE
San Francisco-headquartered Flutterwave, an African-focused financial technology firm with a presence in Kenya, has raised $250 million (Sh28.41 billion) largely for funding mergers and acquisitions in the growing payments market on the continent.
The upstart fintech, founded in Lagos in 2016, says the successful series D fund drive signals growing interest in Africa’s payments market amid growing merchandise trade with the rest of the world.
