THELOGICALINDIAN - Fintech startup Flutterwave appear afresh that it has aloft 250 actor from its Series D allotment annular The allotment annular which admiring all-embracing investors saw the startups amount acceleration to over 3 billion
Capital Raised to Fund Flutterwave’s Expansion Plans
The Nigerian fintech startup Flutterwave afresh appear it aloft $250 actor in a Series D allotment round. The latest basic raise, led by B Basic Group, saw the fintech firm’s appraisal access to over $3 billion.
According to a statement on the remittance and payments account provider’s blog, Flutterwave is planning to use the basic aloft to drive its “ambitious amplification plan to advance chump accretion in absolute markets and advance through M&A.” In addition, the fast-growing fintech startup said it will use the funds to “develop commutual articles while auspicious new innovations in its articles and casework development.”
Flutterwave’s acceptance of its latest basic accession comes about twelve months afterwards the fintech startup auspiciously aloft $170 million. That basic accession resulted in Flutterwave acceptable one of the African fintech startups with a valuation beyond $1 billion. Afterwards this latest basic raise, Flutterwave has now aloft a absolute of $475 actor back its birth in 2016.
Flutterwave’s Global Backing
In animadversion afterward the latest basic raise, Olugbenga Agboola, architect and CEO of Flutterwave, explains the company’s adventure and how arresting all-embracing investors are admiring to the startup. Quoted in the blog post, he said:
“We set out to body a belvedere that simplifies payments for anybody and today, our solutions are acclimated beyond the apple to affix Africans to the apple and the apple to Africans … This latest allotment demonstrates the confidence of some of the world’s arch investors in both our business model, aggregation and the Africa technology market.”
For his part, David Glynn, the managing accomplice of Glynn Capital, said his close was attractive advanced “to acknowledging the aggregation [Flutterwave] as it addresses its cogent advance befalling in the years ahead.”
Besides B Capital Group, which led the allotment round, Glynn Capital, an broker in Flutterwave back 2024, additionally participated. Other participants included Alta Park Capital, Whale Rock Capital, and Lux Capital.
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