Flutterwave is a company designing and developing application programming interface payments across Africa that is headquartered in San Francisco, California and was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola.
On May 12, 2016 Flutterwave announced raising $50,000 in seed capital from The FIS FinTech Accelerator in partnership with The Venture Center, CRE Venture Capital, and 4DX Ventures.
On May 23, 2017 Flutterwave announced receiving $50,000 in non-equity funding from the Google Launchpad Accelerator.
On July 31, 2017 Flutterwave announced raising $10 million in series A funding from Greycroft (lead investor), Green Visor Capital (lead investor), Y Combinator, Reshape, Plug and Play, HOF Capital, and Glynn Capital Management. Iyinoluwa Aboyeji, the CEO and co-founder of Flutterwave, made the following statement regarding the companies series A funding:
We are excited to work with world-class investors who have helped build global payments giants like Visa and Braintree to achieve our mission of building modern payments infrastructure to connect Africa to the global economy.
On October 15, 2018 Flutterwave announced extending their series A funding round with another $10 million in funding from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, Raba Capital, and other undisclosed investors. At the time of announcing their series A funding round extension Joe Saunders, the chairman and general partners of Green Visor Capital, joined the Flutterwave Board of Directors, and the CEO of Flutterwave, Iyinoluwa Aboyeji, stepped down as the company's CEO and was replaced with the company's other co-founder Olugbenga Agboola.