MTN in mobile money pact with Flutterwave

AFRICA – Africa’s biggest mobile operator MTN, has entered a mobile money partnership with one of the continent’s leading fintech, Flutterwave. The partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo). MTN MoMo is a fintech platform providing consumers and businesses with an electronic wallet, enabling electronic transfers and payments as well as access to digital and financial services. According to the telco, at the end of June 2021, MTN MoMo had 48.9 million active users and 581,514 merchants.…

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Flutterwave appoints Oluwabankole Falade as its new CRGRO

NIGERIA – Flutterwave, a payment technology company in Africa has announced the appointment of Mr. Oluwabankole Falade, as its new Chief Regulatory and Government Relations Officer (CRGRO). Flutterwave said Falade new role would include ensuring that the operations of the company are aligned with the policies of the agencies of government that regulate its activities. He is also expected to provide strategic oversight and government relation strategies to support Flutterwave’s vision. “We’re grateful for the conducive regulatory environments that have helped us carry out our business, safely and in the…

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Fintech company Flutterwave partners Amole to facilitate money transfer

ETHIOPIA – Flutterwave, an African based fintech company, has partnered with Ethiopia’s mobile Digital Wallet platform, Amole, to facilitate money transfer into Ethiopia. Through this partnership, Amole Wallet users will be able to send money to bank accounts and cash pickup locations at over 2,500 locations across the country. Amole offers its customers digital payment capabilities and access to digital products and services to enable users to complete essential transactions at their convenience. The new partnership with Flutterwave will serve the Ethiopian economy by making diaspora remittances easier for over…

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Fintech company FIS expands its payment processing capabilities in Africa

AFRICA – FIS, a fintech company, has announced that it is expanding its payment processing capabilities into the rapidly growing markets of Nigeria, South Africa and Malaysia. In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with payments technology company Flutterwave, a 2016 graduate of the FIS Accelerator program. Through its Worldpay product portfolio, FIS processes billions of transactions annually across 146 countries and more than 300 payments types in 126 currencies. As part of its growth strategy, FIS aims to enhance…

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Fintech startup Flutterwave partners Forter to eliminate fraudsters

NIGERIA – Forter, an e-commerce fraud prevention company, has announced a partnership with Flutterwave, Africa’s payments technology company to enable merchants accurately identify legitimate buyers from fraudsters. The partnership, the first of its kind in Africa, will result in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of fraud. Servicing more than 290,000 businesses and processing over 140 million transactions worth over US$9 billion worldwide since inception, Flutterwave is Africa’s largest payment service provider. “We are excited about this partnership and our entry into…

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Nigeria’s Flutterwave partners US’ PayPal to enable African merchants receive payments

NIGERIA – Flutterwave, a fintech company, has teamed up with US payments giant PayPal to enable PayPal customers globally to pay African merchants through its “Pay with PayPal” feature. Flutterwave’s integration with PayPal will be operational across 50 African countries and worldwide, it said in a statement. The collaboration will connect small and medium enterprises with the more than 377 million PayPal account holders globally, Flutterwave said, eliminating the barrier to cross-border commerce. Online payments got a boost with the Covid-19 pandemic as people rely on mobile apps for shopping…

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Payment startup Flutterwave raises US$170m Series C funding to expand into new markets

NIGERIA – Flutterwave, African-focused payments startup, has closed a US$170 million Series C funding round led by New York-based private investment firm Avenir Growth Capital and U.S. hedge fund and investment firm Tiger Global, valuing the company over US$1 billion. New and existing investors who participated in this round include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, Worldpay FIS 9yards Capital. This new funding will be used to speed up customer acquisition in its present markets. It will also improve…

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Africa-focused fintech firm Flutterwave partners with WorldPay, raises US$35m to grow market share

AFRICA – Africa-focused fintech firm Flutterwave has raised US$35 million in a series Series B round that was led by US VC firms Greycroft and eVentures, with participation of Visa, Green Visor and African fund CRE Venture Capital. The company also announced partnerships with WorldPay and Visa as it targets expansion in north Africa. Flutterwave’s latest funding brings the company’s total investment to $55 million and follows a year in which the fintech venture announced a series of weighty partnerships. In July 2019, the startup joined forces with Chinese e-commerce…

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Andela and Flutterwave launches early-stage investment fund

AFRICA – Andela, company that identifies and develops software developers, together with Flutterwave, a platform that provides payment service, launched an early-stage investment fund that will back up to 20 founders with up to US$50,000 of capital each year through the Future Africa initiative. Iyinoluwa Aboyeji, a co-founder of Andela and Flutterwave, announced this. Aboyeji has helped launch two of Africa’s best known and best funded startups, and having “retired” from Flutterwave in October 2018 he launched Future Africa last year alongside Olabinjo Adeniran and Adenike Sheriff. The initial aim…

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