Fintech Startup Flutterwave Secures $10 Million

Flutterwave announced it has secured $10 million in Series B financing. Four investors contributed to the round: Greycroft Partners, Green Visor Capital, Y Combinator, and Glynn Capital Management.

Flutterwave provides technology, infrastructure, and services to enable global merchants, payment service providers, and pan-African banks to accept and process payments via any channel, including web, mobile, ATMs and POS. The company helps businesses in Africa go global by smoothening the exchange of funds in more than 150 currencies.

The company revealed that it intends to use the funds to hire talent, build out its global operations, and accelerate its expansion across Africa.