Tuesday, December 7

Tag: Flutterwave

Nigeria’s Flutterwave Is The Only African Firm On TIME’s 2021 Influential List
Tech

Nigeria’s Flutterwave Is The Only African Firm On TIME’s 2021 Influential List

Flutterwave, a Nigerian fintech firm, has been named a “Pioneer” on TIME’s 2021 list of the 100 Most Influential Companies in the world. In a list, which includes big wigs like Apple, Twitter and Stripe, the firm makes history as the only African company to make it this year. The list was divided into 5 categories; Pioneers, Leaders, Innovators, Disruptors and Titans. TIME reports that the fintech company was chosen for its efforts in recharging retailers after the pandemic slowed travel in Nigeria. Flutterwave co-founder and CEO, Olugbenga Agboola, explained that the digital payment provider launched a free promotion called “keeping the lights on.” When pandemic lockdowns hit brick-and-mortar businesses in Africa, the digital-payment service was able to rapidly set up d...
USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms
Business

USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms

MTN customers in Nigeria now have alternative electronic payment platforms to recharge their phones as the mobile network operator on Saturday announced that customers can recharge airtime through payment solutions platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay for customers to recharge virtually. MTN in a statement on Saturday by its Senior Manager, External Relations, Funso Aina, also said customers could recharge airtime by dialing *904# and *606#. This is coming barely 24 hours after commercial banks on Friday disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, leaving millions of MTN subscribers frustrated as they were unable to recharge airtime via USSD amid the Easter celebrati...
Flutterwave Raises $170 Million, Now Valued At Over $1 Billion
Business, Tech

Flutterwave Raises $170 Million, Now Valued At Over $1 Billion

The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Today we behold another unicorn: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion. New York-based private investment firm Avenir Growth Capital and U.S. hedge fund and investment firm Tiger Global led the Series C round. New and existing investors who participated include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, Worldpay FIS 9yards Capital. The Series C round comes a year after Flutterwave closed its $35 million Series B and $20 million Series A in 2018. In tota...

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