Flutterwave: a foundation for development
Flutterwave was founded in Nigeria in 2016, based on a
financial application programming interface that makes it
simpler to process payments across Africa. It is not just a
useful tool for individuals, but also an enabling technology
because it helps other businesses, including start-ups.
And while Flutterwave is useful within countries, the unique
nature of Africa makes it doubly useful across borders.
Unlike Europe and the US, where card payments are
accepted with little differentiation between states, in Africa
each country has its own way of accepting payments,
complicating international transactions and making it
difficult for Africans to pay to access online services from
global giants such as Amazon and Google. Flutterwave
transcends this, being compatible with the 90-plus payment
methods used by some 30 African countries, as well as
standard international methods.
Over the past two years Flutterwave has processed more
than $2 billion in payments through 39 million online
transactions. It is helping Africa be part of the digital
economy. Indeed, one of its clients is Uber.