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Flutterwave’s Value Reches $1 Billion

Olugbenga-Agboola-Co-Founder-CEO-Flutterwave
Olugbenga-Agboola-Co-Founder-CEO-Flutterwave
Olugbenga Agboola, Co-Founder & CEO of Flutterwave

Popular online payment platform, Flutterwave, has reached a valuation of $1billion after raising $170 million from investors to expand its customer base, looking to capitalise on a growing digital African payments platform driven by increased mobile phone usage.

Launched in 2016 as a Nigerian and U.S.-based payments company, Flutterwave helps businesses build customizable payments applications. 

According to Flutterwave, more than 290,000 businesses use its platform to carry out payments, and they can do so “in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter by Flutterwave.”

With their corporate offices in Lagos and San Francisco, Flutterwave’s CEO and co-founder Olugbenga Agboola, said, “We may consider the possibility of listing in New York or a possible dual listing in New York and Nigeria.”

 

Written by Ambagain Inyambe

Ambagain is an intern and a freelance writer at hypestation. To him, writing is one of the many forms of expression available. You can follow him on Twitter and Instagram on @iiambagain

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