Nigeria-based FinTech firm, Flutterwave has recently made it to the headlines following its announcement of raising USD 170 million in Series C Funding round led by Tiger Global Management and Avenir Growth Capital. This new funding has now brought in the total fundraise of the company to USD 225 million ever since its launch five years ago.
Reports have it that the latest funding would help the company move forward in its goal of connecting Africa’s disoriented financial ecosystem while also looking forward to emerging as a regional leader as global payments firm.
Moreover, the company is likely to make use of these funds to expand its customer base along with creating complementary new and advanced products. Recently, the company had launched the Flutterwave mobile application to expand its eCommerce activity that comes from Flutterwave Stores.
Source: Running Africa
By Vinisha Joshi
