Flutterwave Breaks New Record, Now Valued Above $3bn

Flutterwave on Wednesday (today) reported that the company is now worth over $3 billion.

The development it said came to be after it raised another $250 million in Series D funding.

The new funds according to the company will drive Flutterwave’s ambitious expansion plan to accelerate customer acquisition in existing markets and growth through M&A and develop complementary products while encouraging innovations in its products and services development.

Naija News understands that the company now pride itself as it continues to transform the way Africans transact on the continent and worldwide.

The latest backers include some of the world’s most respected investors led by B Capital Group, and with participation from Alta Park Capital, Whale Rock Capital, Lux Capital, among others.

Several existing investors who also participated in previous rounds also followed this round, including, Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital and Salesforce Ventures.

This article was originally published on Naija News