Just in case you have not heard it yet, Flutterwave is now a unicorn (a company with a valuation of over US$1 billion) less than five years after it launched. Tech founder, advisor and early-stage investor Victor Asemota talks about the firm’s journey “ Flutterwave is far from being a perfect company yet, the team knows that. They keep, however, striving for perfection and take every criticism as the gift of feedback. I am always amazed at the speed at which things are corrected when I highlight them privately to team members”. Launched in 2016, Flutterwave builds modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa. The startup is one of Africa’s most-backed, raising US$10 million in Series A funding in August 2017, an extension round in 2018, and a US$35 million Series B in January of last year. It has now added to that funding with a record-breaking Series C round worth US$170 million, which takes the value of the company to over US$1 billion.
SOURCE: DISRUPT AFRICA
More Stories
The Challenges Facing the New Leader of Africa’s Largest Economy are Simply Enormous
Understanding the Opinions of Africa’s Rising Generation
SA Reserve Bank Concerned about the Rand’s Recent Meltdown and Persistent Price Pressures
Africa’s Banking Sector Celebrates
ICYMI Sam Altman Made a Stop in Lagos
Is African Debt as Perilous as Foreign Lenders Assume?
Accra’s IPPs Threaten Shutdown Over Non-Payment
DRC To Change the Way it Does Business with China
Maputo Picks a Partner for its Hydro Plans
Results of the Kenya Small Firm Diaries study in Nairobi
Africa Day this Year Marks 60 Years since the Founding of the Organisation of African Unity
Zimbabwe Retailers Head to the Streets