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    ‘I can also act’ – Davido discloses plan to delve into filmmaking this year

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    Nigerian startup Flutterwave secures $170 million in capital injections from investors, now valued at over $1 billion

    Flutterwave, an African fintech startup has secured $170 million in capital injections from investors, the firm said in a statement Today.

    The new capital flows — facilitated by “a leading group of international investors” — will bolster Flutterwave’s client base in the global market, the statement said.
    “The fundraise brings the total investment in Flutterwave to USD $225 million and is one of only a very small number of African fintech companies to have raised significant funds in a period of widespread disruption and economic uncertainty,” the statement added.
    Founded in 2016, Flutterwave provides digital payment services for small businesses in Africa. Its Nigerian chief executive, Olugbenga Agboola, said on social media Wednesday that the tech firm had aimed to “build a payments technology infrastructure that connects Africa to the global economy by making local and international payments seamless.”
    “We knew this would be incredibly difficult but we continued,” he added, in a Twitter thread Wednesday morning.
    The fintech company — famed for its “seamless and secure” payments system — has gone on to process in excess of $1 billion in transaction value, Agboola said.
    Flutterwave is renowned for creating a digital store — helping SMEs to remain in business — in the wake of Covid-19 lockdowns.
    More than 1,000 SMEs across Africa have signed up to display and sell their products online using the Flutterwave store.
    Source: CNN

    Latest Posts

    Restaurant workers, customers trapped as building collapses in Lagos

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    LP disowns Datti Baba-Ahmed over anti-Tinubu statements

    The leadership of the Labour Party has condemned a statement by its former vice presidential candidate in the 2023 general elections,Datti Baba-Ahmed, who said...

    JAMB shifts 2025 UTME commencement date to Thursday, April 24

    The Joint Admissions and Matriculation Board has officially announced a change in the commencement date of the 2025 Unified Tertiary Matriculation Examination, now scheduled...

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    Nigerian Afrobeats superstar, David Adeleke, popularly known as Davido, has hinted at his plan to pivot into filmmaking this year. The Grammy-nominated singer revealed this...

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