Flutterwave: the company that facilitates payment processing for banks and businesses in Africa

Flutterwave is a Nigerian owned and San Francisco based company, that provides a payment platform that makes it easier for banks and businesses to process payments in local currencies across the African continent.

“Roughly two-thirds of the adults on the African continent remain unbanked and card penetration is low. Yet, a Mckinsey Gallup data showed 54 percent of adults in sub-Saharan Africa make one or more long-distance payments in a given month, totalling approximately 5 billion transactions annually”. Iyinoluwa Aboyeji, Nigerian entrepreneur, found a solution for that: Flutterwave

Flutterwave provides technology, infrastructure and services to enable global merchants, payment service providers and Pan African banks accept and process payments on any channel (Web, Mobile, ATM & POS). The company helps businesses in Africa go global by smoothening the exchange of funds in 150+ currencies.

Flutterwave has already processed over 1.2 billion payments, 10 million transactions, and currently has 10 partner banks in Africa.