How Much Did Flutterwave Raise? Funding & Key Investors

Date
March 25, 2025
Flutterwave

Total amount raised

$474.5 Millions

Latest funding date

Flutterwave

Location

Title

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Flutterwave has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company offers a range of payment solutions tailored for businesses of all sizes.

Keep reading to explore the intricacies of Flutterwave's fundraising journey and the investors backing this innovative platform.

What Is Flutterwave?

Founded in 2016, Flutterwave is a fintech company based in San Francisco, California. The company was established by Iyinoluwa Aboyeji and Olugbenga Agboola.

Flutterwave provides a comprehensive payment infrastructure for businesses, enabling them to accept and process payments in over 150 currencies. Their services include online payments, global payouts, and currency exchange.

With a team of 251-500 employees, Flutterwave continues to innovate and expand its offerings, making it easier for businesses to manage their financial transactions globally.

How Much Funding Has Flutterwave Raised?

  1. Pre-Seed Round
    • Amount Raised: Not publicly disclosed
    • Date: June 2016
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To kickstart the company's operations and initial development.
  2. Seed Round
    • Amount Raised: $230K
    • Date: August 2016
    • Lead Investors: Y Combinator
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support early-stage growth and product development.
  3. Seed Round
    • Amount Raised: Not publicly disclosed
    • Date: September 2016
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further expand the company's initial market presence.
  4. Non-Equity Assistance
    • Amount Raised: $50K
    • Date: May 2017
    • Lead Investors: Google Launchpad Accelerator
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To gain strategic support and mentorship from Google.
  5. Series A
    • Amount Raised: $10M
    • Date: July 2017
    • Lead Investors: Green Visor Capital, Greycroft
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and enhance product offerings.
  6. Series A
    • Amount Raised: $9.2M
    • Date: October 2018
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue scaling and expanding into new markets.
  7. Series B
    • Amount Raised: $35M
    • Date: January 2020
    • Lead Investors: Greycroft, Headline
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To accelerate growth and expand product lines.
  8. Series C
    • Amount Raised: $170M
    • Date: March 2021
    • Lead Investors: Avenir, Tiger Global Management
    • Valuation at Round: Over $1 billion
    • Motivation Behind the Round: To accelerate customer acquisition and develop new products like Flutterwave Mobile.
  9. Series D
    • Amount Raised: $250M
    • Date: February 2022
    • Lead Investors: B Capital
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further expand into international markets and enhance existing services.
  10. Secondary Market
    • Amount Raised: Not publicly disclosed
    • Date: March 2023
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide liquidity for early investors and employees.

Flutterwave has raised a total of $504.48M. The current valuation is over $1 billion.

Key Investors

  • Avenir Growth Capital
    • Details: Avenir Growth Capital is a New York-based private investment firm that focuses on growth-stage companies. They aim to support high-growth businesses with strategic guidance and capital.
    • Investment Focus Areas: Technology, Consumer, Financial Services
    • Notable Investments: Flutterwave, Away, Glossier
  • Tiger Global Management
    • Details: Tiger Global Management is an investment firm that manages hedge funds and private equity funds. They are known for their investments in technology and internet companies.
    • Investment Focus Areas: Technology, Media, Telecommunications
    • Notable Investments: Facebook, LinkedIn, Spotify
  • Greycroft
    • Details: Greycroft is a venture capital firm that invests in early and growth-stage companies. They have a diverse portfolio across various sectors.
    • Investment Focus Areas: Technology, Media, Healthcare
    • Notable Investments: Venmo, Huffington Post, Braintree
  • Google Launchpad Accelerator
    • Details: Google Launchpad Accelerator is a program by Google that supports startups with mentorship, resources, and funding. They focus on helping startups scale and succeed globally.
    • Investment Focus Areas: Technology, Artificial Intelligence, Cloud Computing
    • Notable Investments: Flutterwave, Brainly, Kudi
  • B Capital
    • Details: B Capital is a venture capital firm that partners with growth-stage companies. They leverage their strategic partnership with the Boston Consulting Group to provide value beyond capital.
    • Investment Focus Areas: Healthcare, Fintech, Enterprise Software
    • Notable Investments: Atomwise, Evidation Health, Ninja Van

What's Next for Flutterwave?

Flutterwave's future is brimming with opportunities, particularly in expanding its customer base and entering new markets. With a strong foothold in over 33 African countries, the company aims to accelerate customer acquisition and develop innovative products like Flutterwave Mobile. The fintech landscape in Africa is rapidly evolving, with increasing demand for digital payment solutions and cross-border transactions.

Given the substantial interest from major investors, future fundraising rounds seem likely. Flutterwave's impressive growth trajectory and valuation exceeding $1 billion make it an attractive candidate for further investment. However, the company will need to navigate regulatory challenges and intense competition in the fintech space to maintain its momentum.

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