Fundraising Fox

Flutterwave

YC S16

Lagos, NG · Founded 2016 · 500 employees · 31 known investors

Find your way into Flutterwave

180 people in our graph share verified history with the Flutterwave team — schools, employers, funds. One of them is your warm intro.

Kike Mirallesunlockedknows Adeleke Adekoya · together at Flutterwave (overlapped)
×3knows the team · via Flutterwave
knows the team · via Stanbic IBTC
×2knows the team · via Obafemi Awolowo University
×4knows the team · via Rice Business
knows the team · via Nestle

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.

FintechNigeriaAfricaPartly Remote

Founders & leadership· Y Combinator alumni (S16)

Flutterwave was founded in 2016 by Adeleke Adekoya and Olugbenga GB Agboola.

AAAdeleke Adekoya
Adeleke AdekoyainCo-founder and Board MemberAdeleke Adekoya, a founder of Flutterwave, previously worked in banking and fintech in a digital leadership role, with experience in project management, business process re-engineering, and solution design. He holds a B.Sc. in Engineering from Obafemi Awolowo University.
OGOlugbenga GB Agboola
Olugbenga GB Agboolain𝕏FounderEntrepreneur in Residence at Green Visor Capital

Investors · 31

4DX VenturesAccra · $50K – $500K
AAF Management Ltd.Washington
Avenir Growth CapitalNew York
B Capital GroupManhattan Beach · $10M – $50M
B4 Capital$10M – $50M
Chaos VenturesNew York
CRE Venture CapitalMahwah · $50K – $1Mvia Pardon Makumbe · inferred
DCVC (Data Collective)Palo Alto · $5M – $25M
Endeavor CatalystNew York · $5.5M – $200M
Ethos VCSan Francisco · $250K – $3M
FinTech CollectiveNew York City · $100K – $10M
Glynn Capital ManagementMenlo Park
GreycroftNew York · $100K – $5M
HOF CapitalNew York · $25K – $15M
Kube VC
LoftyInc CapitalHouston
Newtown PartnersCape Town
Nimble PartnersSan Francisco
ReshapeNew York · $100K – $2Mvia Vinay Menda · inferred
Y CombinatorSan Francisco · $500K
ZillionizePalo Alto · $200K
9Yards CapitalreportedNew York · $100K – $10M
AvenirreportedNew York
CapitalXreportedLynnwood · $250Kvia Cindy Bi · inferred
Circle & Co.reported$130K – $780K
Circle Venturesreported
Flourish VenturesreportedSan Francisco · $100K – $5M
Green Visor Capitalreported · 2 sourcesNew York
Musha VenturesreportedSeattle · $25K – $500K
RipplereportedSan Francisco
Tiger Global ManagementreportedNew York · $1M – $100M

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Flutterwave 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 →

10 people who came through Flutterwave went on to found or lead other companies.

Iyinoluwa AboyejiCo-founder & Managing DirectorFounded Itana +2Ian SigalowBoard MemberFounded GreycroftMayowa OlugbileCorporate FinanceFounded ItanaPardon MakumbeBoard ObserverFounded CRE Venture CapitalSangu DelleDirector Board of DirectorsFounded CarePointRidwan OlalereSenior Software DeveloperFounded LemFiBrad StewartBoard MemberFounded SnapLogicEjimonye OfodumProduct MarketerFounded FichayaOlufemi OlanipekunProduct Innovation ManagerFounded VeendIan SigalowBoard MemberFounded Greycroft

Competitors · 5

by search overlap
Poshmark, Inc.1098 shared keywordsPoshmark is a fashion resale marketplace that enables individuals to buy and sell secondhand clothing and accessories through a mobile-first platform. The company operates a community-driven commerce model focused on sustainable fashion across the U.S. and Canada.
Instacart1052 shared keywordsInstacart operates a marketplace connecting grocery retailers with customers who order food and household items for same-day delivery or in-store pickup, serving millions of households across North America through partnerships with over 350 retailers.
Alibaba (Link975 shared keywordsAlibaba.com operates a global B2B e-commerce marketplace that connects buyers with suppliers and manufacturers for wholesale products across multiple industries. The platform provides trade services, logistics support, payment protection, and AI-powered sourcing tools for businesses.
Dillard'S878 shared keywordsDillard's is a department store retailer offering clothing, accessories, beauty, and home goods across the United States.
Shopmy833 shared keywordsShopMy operates a creator commerce platform linking premium brands, curators and shoppers via storefronts and affiliate tools.

Companies competing with Flutterwave for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Circle Ventures Backs Flutterwave’s USDC Expansionserrarigroup.com · Jul 2026Flutterwave Secures Investment from Circle Ventures as It Expands USDC Payments and Settlement Across Africa - Tech In Africatechinafrica.com · Jul 2026Flutterwave Raises Funding From Circle Venturespulse2.com · Jul 2026Flutterwave Secures Circle Investment For Stablecoins | CIO Africacioafrica.co · Jul 2026Disrupt Africa on X: "Flutterwave raises Series E funding at $3.2bn valuation; Ripple participates https://t.co/G4FPvSOzxS" / Xx.com · Jun 2026Dabafinance - Flutterwave Raises Series E At $3.25B Valuationdabafinance.com · Jun 2026Flutterwave enables Google Pay for African Businessestechcabal.com · Sep 2022African fintech Flutterwave triples valuation to over $3B after $250M Series D – TechCrunchtechcrunch.com · Feb 2022

▸Research sources · 8

primary sources listed

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 in 2016.
Who are Flutterwave's investors?
Flutterwave's investors include 4DX Ventures, AAF Management Ltd., Avenir Growth Capital, B Capital Group, B4 Capital, Chaos Ventures, CRE Venture Capital, DCVC (Data Collective) and 23 more.
Where is Flutterwave headquartered?
Flutterwave is headquartered in Lagos, NG.