January 21, 2020Blog Posts

WorldPay and Visa back African payments firm Flutterwave

Finextra

Flutterwave, a payments startup operating in Africa, is looking to expand across the continent after closing a $35 million funding round and securing partnerships with Visa and WorldPay.

With bases in Lagos and San Francisco, Flutterwave is one of several African fintech firms looking to cash in on the continent’s drive to electronic payments.

The company helps merchants accept payments both online and at the point-of-sale through a host of methods, including cards, mobile money and bank transfers.

Flutterwave is now the African payment provider for Worldpay clients around the world. Meanwhile, the Visa tie-up means Flutterwave can issue physical and virtual cards and process payments using the US giant’s networks.

“We don’t just want to be a payment technology company, we have sector expertise around education, travel, gaming, e-commerce, fintech companies. They all use our expertise,” CEO Olugbenga Agboola told TechCrunch.

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