Flutterwave is a fintech company based in San Francisco, USA, and Lagos, Nigeria, founded in 2016. The company is committed to providing payment infrastructure to merchants and payment service providers around the world, with a special focus on the development of digital payments in the African market.
Company OverviewFounded
- in: 2016Headquarters
- : San Francisco, USA and Lagos ,
- NigeriaFounders: Iyinoluwa Aboyeji, Olugbenga Agboola, Adeleke AdekoyaIndustry
- : Fintech
- Official Website: https://flutterwave.com
Regulatory
InformationFlutterwave is licensed and certified for payment services in several countries. For instance, the Central Bank of Nigeria granted it a "Switching and Processing License" in 2022, enabling it to offer a wider range of payment services in Nigeria. In addition, the company has obtained funds transfer licenses in 13 states in the United States to support its cross-border remittance services.
Products &
ServicesFlutterwave's core offering is its payment API, which allows businesses to integrate multiple payment methods, including credit cards, debit cards, bank transfers, and mobile wallets, into their websites, apps, or e-commerce platforms.
It's an online store platform that helps small and medium-sized businesses build and manage their own online stores without the need for technical support. Merchants can sell goods and accept payments through the platform.
Flutterwave Send is a cross-border money transfer service that allows users to transfer funds from the United States to African countries, including Nigeria, Ghana, and Uganda, among others.
The service allows businesses to generate and send electronic invoices, and customers can pay directly through invoices.
This is a loan product designed to provide small and medium-sized businesses with fast, flexible loans that require no collateral.
It's a platform for fintech companies that offers services including KYC (Know Your Customer), account opening, payment processing, and more.
Market Positioning &
StrategyFlutterwave's main target market is the African region, especially Nigeria, Ghana, South Africa and other countries. The company helps businesses achieve digital transformation and promote financial inclusion by offering a variety of payment solutions. In addition, Flutterwave is also actively expanding into international markets, especially in the United States and Europe, supporting cross-border payment and remittance services.
Neutral
EvaluationFlutterwave As a leading fintech company in Africa, Flutterwave has successfully promoted financial inclusion in the African region with its innovative payment solutions and extensive service network. Its compliance efforts ensure the sustainability of the business. However, in the face of the diverse regulatory environment and rapidly changing technology needs in African countries, Flutterwave needs to continue to strengthen compliance management and technological innovation to maintain its leading position in the market.
For more information, visit the official Flutterwave website at https://flutterwave.com
