Africa based payments fintech startup Flutterwave joins the unicorn club today as it announced the completion of its Series C funding round of $170 million led by Avenir Growth Capital and Tiger Global with participation of existing investors DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, WorldpayFIS and 9yards Capital.
Flutterwave was founded in 2016 by Olugbenga Agboola with the mission to create a pan-African digital payments platform. With the current round, the company has now raised a total of $225 million since inception and is a leader among Afican fintech startups. The raised funds will enable the company to follow its vision of become a leading global payments company by connecting the highly fragmented African digital payments landscape. The raised funds will enable Flutterwave to accelerate customer acquisition and continue development of innovative payment products.