Flutterwave Raises $250M Series D at Over $3B Valuation
African payments company Flutterwave has closed a $250 million Series D that tripled its valuation to over $3 billion, making it the highest-valued African startup at the time. The round was led by B Capital Group. Proceeds will fund customer acquisition, M&A and new products.
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Flutterwave operates a cross-border payments infrastructure business across Africa. The $250 million Series D was led by B Capital Group, with participation from Alta Park Capital, Whale Rock Capital, Lux Capital and existing investors, and valued the company at over $3 billion.