By Modupe Gbadeyanka
A $35 million Series B funding round has been secured by Flutterwave, Cofounder and CEO of the tech firm, Mr Olugbenga Agboola, announced on Tuesday.
In a message personally signed by him, Mr Agboola said the funding round was co-led by Grey Croft and eVentures with additional participation from CRE Ventures, FIS, Visa, Green Visor and Endeavor.
He also said the company was planning to expand into regions like Francophone and Northern Africa, stating that, “We also want to grow our market share in regions we’re present in – East, South, and West Africa so, we will be doubling all our efforts in those regions.”
According to him, “With this capital from our investors, we will be able to continue to provide innovative solutions for you to make and receive payments seamlessly.”
“As always, our goal remains the same, we want to continue to connect Africa to the rest of the world by making sending and receiving payments as frictionless as possible for banks, businesses and individuals,” he added.
Mr Agboola attributed the successes recorded so far by the company to “keeping our customer’s needs and growth at the heart of everything we do as a company.”
“We have had our ups and downs – it comes with the territory – but the journey has also been highly rewarding for me and the entire team at Flutterwave.
“You have been with us through all of this – our first clients, our partnership announcements, our Series A round of investments, our partnership with Alipay and so much more,” he also said.
The respected entrepreneur stated that, “As at last year, we had processed $5.4 billion for businesses and individuals as a result of that trust,” while concluding that, “You can rest assured that we will only continue to improve on our service offerings which you have come to love.”
more recommended stories
SWIFT to Host Open API Hackathon for Cross-Border Payments
SWIFT will hold an open API.
Entries Open for 2020 Ecobank Fintech Challenge
By Dipo Olowookere Pan-African banking group,.
Carbon Offers $100,000 for Equity in African Startups
By Adedapo Adesanya To bridge the.
FG to Link SIM Cards, National ID Card, BVN to Curb Crime
By Adedapo Adesanya Minister of Communications.
WhatsApp Users Hit 2 Billion Worldwide
By Adedapo Adesanya Instant messaging service.
Tinubu Square Gets Additional €15m Investments
New York-based Long Arc Capital and.
Nigerians to Register SIM Cards with NIN
By Adedapo Adesanya The Nigerian government.
NCC Flags off Cyber Security Awareness Campaign
By Adedapo Adesanya Nigerian Communications Commission.