Fundraising Fox
Flutterwave
YC S16Lagos, NG · Founded 2016 · 500 employees · 58 known investors
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Flutterwave provides payment processing infrastructure and tools that enable businesses and financial institutions across Africa to send and receive payments securely and efficiently. The company operates in over 33 African countries and has facilitated billions of dollars in transaction volume since its 2016 founding.
Also known as Flutterwave Inc.
Founders & leadership· Y Combinator alumni (S16)
Flutterwave was founded in 2016 by Adeleke Adekoya, Olugbenga GB Agboola, and Iyinoluwa Aboyeji.
Investors · 58
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Funding
SEC filings, press & company announcements$229.3M disclosed across 3 of 7 rounds · 2017–2026
- Undisclosed amountSeries EJun 2026 · 2 sourcesSource ↗
- Undisclosed amountSeries DFeb 2022Source ↗
- Undisclosed amountSeries AAug 2017Source ↗
▶$170MraisedMar 2021 · 18 investors · OtherRule 506(b)
- Will SzczerbiakDirector
- Olugbenga AgboolaExecutive Officer, Director
- Joseph SaundersDirector
- James M. ReynoldsDirector
- Adeleke AdekoyaExecutive Officer, Director
- Offering amount
- $170M
- Amount sold
- $170M
- Minimum investment
- $1
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$40.1MraisedFeb 2021 · 15 investors · OtherRule 506(b)
- Will SzczerbiakDirector
- Adeleke AdekoyaExecutive Officer, Director, Promoter
- Olugbenga AgboolaExecutive Officer, Director, Promoter
- Joseph SaundersDirector
- Offering amount
- $40.1M
- Amount sold
- $40.1M
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$19.2MraisedAug 2019 · 98 investors · OtherRule 506(b)
- Adeleke AdekoyaExecutive Officer, Director
- Olugbenga AgboolaExecutive Officer, Director
- Joe SaundersDirector
- Offering amount
- $19.3M
- Amount sold
- $19.2M
- First sale
- Jul 2017
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Flutterwave is a financial technology company that operates payment infrastructure for merchants, payment service providers and financial institutions, with a primary focus on Africa. Founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola, the company maintains headquarters in San Francisco, California and Lagos, Nigeria, and serves Africa, Europe and North America. Its product set spans online checkout, payment acceptance across cards, bank accounts, mobile money, POS, M-Pesa, VISA QR, bank transfer and USSD, single and bulk transfers (payouts), invoicing, payment links, virtual cards, customer verification and merchant services.
Beyond core acceptance and payout products, Flutterwave operates consumer-facing services including Send App, a remittance product launched in December 2021 for instant cross-border money transfers, a free online Store builder listed on Flutterwave Market, and the Afritickets events and ticketing platform. Developers integrate through documented REST APIs (v3 and v4) with SDKs and plugins for WordPress, React, Vue and Android. The company reports ISO 27001 and 22301 certification and PA DSS/PCI DSS compliance.
Flutterwave holds regulatory licenses across African markets, including Nigeria's switching and processing license granted by the Central Bank of Nigeria in 2022 and a Ghanaian payment license in 2024 that marked its 34th licensed African country. In April 2026 it received a national microlender license from the Central Bank of Nigeria, enabling it to offer bank accounts, hold customer deposits and extend credit directly rather than through partner banks.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Founder mafia
The Flutterwave mafia →11 people who came through Flutterwave went on to found or lead other companies.
Related companies · 10
Companies working in the same space as Flutterwave.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Endless possibilities for every business - Flutterwaveflutterwave.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Flutterwave do?
- African payments infrastructure company providing checkout, payouts, remittance and commerce APIs for merchants and banks.
- Who founded Flutterwave?
- Flutterwave was founded by Adeleke Adekoya, Olugbenga GB Agboola, Iyinoluwa Aboyeji in 2016.
- Who are Flutterwave's investors?
- Flutterwave's investors include 4DX Ventures, AAF Management Ltd., Accelerate Africa, Aurum Venture Partners, Avenir Growth Capital, B Capital Group, B4 Capital, Chaos Ventures and 50 more.
- How much funding has Flutterwave raised?
- Flutterwave has disclosed $229.3M raised across 3 of its 7 known rounds.
- Where is Flutterwave headquartered?
- Flutterwave is headquartered in Lagos, NG.