Flutterwave enables payment service providers, global merchants, licensed money transfer operators and Pan-African banks to process payments to and from Africa with one API integration.
Flutterwave, Inc., a digital payment technology company on a mission to connect Africa to the global economy, announces its public launch today. Investors include Y Combinator, VCFintech (powered by FIS) and South Africa-based CRE Venture Capital, among others.
Flutterwave provides end-to-end payments technology and infrastructure that enables payment service providers, global merchants, licensed money transfer operator and pan-African banks to process payments across all available payment options if Africa. rather than implement separate integrations for Card schemes mobile money networks, e-wallet and bank account payments across Africa, our clients can leverage one API integration to ensure end users can pay and get paid anywhere across Africa. Flutterwave has processed over $20 million in transactions to date for clients that include Uber, Paystack, Page Microfinance Bank, and Access Bank.
“Flutterwave is making doing business across Africa as simple as integrating with one API,” said Iyinoluwa Aboyeji, Flutterwave co-founder and CEO. “With $270 billion in annual payments and made annually and exponential growth potential, Africa is the last bastion of opportunity for global payments. By building technology and infrastructure to connect Africa to the global economy, we are aspiring a new wave of commerce and prosperity across Africa.”
Aboyeji is a seasoned entrepreneur with a track record in Africa’s technology space. He previously co-founded Andela, a Chan Zuckerberg Initiative and GV-backed company that extends global engineering teams with the most talented developers in Africa. Flutterwave’s founding team has several years of experience at global payments technology companies including Google Wallet and PayPal, as well as Africa’s largest commercial and central banks.
“Flutterwave is our secret weapon,” said Ife Orioke, the CEO of PayWithCapture, one of the payments providers by Flutterwave. “Having a supportive, reliable, and secure payments infrastructure partner like Flutterwave has freed us to consistently push the boundaries of payments and digital banking in Africa.”
Leveraging its proprietary modern payment processing technology and infrastructure, as well as a core of integrations to major card schemes, mobile money networks and Pan African banks, Flutterwave’s end-to-end payments solutions covers every aspect of the payments value chain from checkout and risk management to settlement. It provides this solution as a service to Pan African banks, payment service providers and global merchants who leverage its APIs to simultaneously make and accept card, bank account, and mobile money payments in different African countries.
“By making it easy for any merchant, no matter where they are located, to process all of the available payment options, Flutterwave is changing how money moves for an entire continent,” said Aaron Harris, Y Combinator Partner. “That’s a huge idea and Flutterwave has an incredible team to attack it.”
Payments platforms providers who want to leverage Flutterwave’s infrastructure can integrate today by visiting www.flutterwave.com and signing up for a developer account.