Flutterwave, a San Francisco, CA-based provider of modern payments infrastructure for banks and businesses in Africa, secured over $10m in Series A funding.
The round was led by Greycroft Partners and Green Visor Capital with participation from Y Combinator and Glynn Capital. In conjunction with the funding, Joe Saunders, chairman and general partner at Green Visor Capital, joined Flutterwave’s board of directors.
The company intends to use the funds to hire talent, build out its global operations and accelerate its expansion across Africa.
Led by Iyin Aboyeji, CEO and Co-founder, Flutterwave provides modern payments infrastructure for banks and businesses to make and accept payments across Africa. The company works with Pan-African Banks to provide these companies with the underlying technology and integrations to payments in local currency with local debit cards, bank accounts or mobile wallets across 30 African countries.
Flutterwave has already processed over $1.2 billion in payments across over 10 million transactions.
The company also has offices in Lagos, Nairobi, Accra, and Johannesburg.