10 Best FinTech Companies to Watch 2024

Flutterwave is Building Reliable and Secure Payments Infrastructure to Connect Africa to the Global Economy

The company is unlocking boundless payment opportunities for enterprises, individuals, small businesses, emerging markets, and startups alike.

By SBR
May 27, 2024 9:54 PM
Olugbenga Agboola, Founder & CEO, Flutterwave Photo by SBR

Olugbenga Agboola, Founder & CEO, Flutterwave


Business or any activity in the financial sector is nothing without payment solutions. In a globalized and well-connected world, the need for a payment infrastructure that spans major regional and international markets has never been more urgent.

Flutterwave is one such payments company helping banks and businesses build secure and seamless payments solutions for their customers in Africa. It develops technology, tools, and infrastructure for businesses and banks to offer a smoother and more secure payment experience for their customers.

Founded in 2016 by a team of African finance and technology professionals from companies such as Standard Bank, PayPal, and Google Wallet, Flutterwave has rapidly become one of the fastest-growing payments companies in the world. Since its inception, Flutterwave has grown at an astonishing rate and in 2019 processed 107 million transactions worth $5.4 billion. The company has also raised over $55 million in equity from a long list of top VCs, including Y-Combinator, Visa Ventures, Fintech Collective, Endeavor, Mastercard, Golden Palm Investments, and many more!

Flutterwave's Global Payment and Payout Solutions

Flutterwave offers a comprehensive suite of payment solutions designed to meet the needs of businesses worldwide. With their APIs and business tools, businesses can collect payments globally in over 30 currencies. Their payment solutions offer users various benefits such as:

Multiple Payment Options: Flutterwave's payment solutions cater to various business needs, whether for online businesses such as e-commerce, marketplaces, platforms, or physical stores.

Go Global: Scale your business effortlessly by leveraging Flutterwave's infrastructure, which enables you to accept payments in over 150 currencies via multiple channels.

Go Live in Minutes: Create a free account in minutes, link your bank account for fund deposits, and start accepting payments securely using Flutterwave's SDKs and libraries.

Secure Revenue Growth: Enjoy a secure payment system that protects your money and data from fraud, supporting your revenue growth.

Collect Payments Online Anywhere: Flutterwave provides a single platform that lets you sell wherever your customers are, whether online, anywhere in the world, or in-between.

Recurring Payments: Easily set up and manage subscription payments using a payment plan or card token integration.

SDKs and Plugins: Start accepting payments on your mobile apps, on both iOS and Android, by integrating Flutterwave's SDKs and plugins.

Send Money Globally: Process payouts to vendors, contractors, and payroll efficiently, reaching over 40 countries.

Developer-Friendly: Flutterwave's platform is built for developers, allowing easy integration of payment flows for various use cases, including one-time transfers, recurring transfers, and payment verification bulk transfers.

Hands-On Support: Flutterwave offers robust support to ensure smooth implementation and operation of its payment solutions.

Safety and Security: Security is a top priority at Flutterwave, ensuring every payment is 100% secure and surpasses industry standards. The company is ISO 27001 and 22301 certified. This certification guarantees that it follows best business practices and maintains a strong business continuity plan. Additionally, the company is PA DSS and PCI DSS compliant. The company meets the highest security standards required for payment gateway processors, ensuring a safe and secure platform for all transactions.

Swap: Making Foreign Currency Exchange Hassle-Free

Flutterwave's Swap offers a simple and secure way to access foreign currency at competitive exchange rates, tailored to meet both personal and business needs.

Access Foreign Currency: Whether for personal adventures or business expansion, Swap provides dollars, pounds, and euros at competitive rates to maximize your money's value.

Open to Everyone: No special authorization is required. Swap is available for businesses, individuals, and everyone in between.

Regulatory Compliance: Swap is fully licensed and operates within regulatory bounds, ensuring a legitimate and authorized platform for your foreign currency needs.

Security Assured: Swap employs state-of-the-art security protocols, backed by rigorous certifications and Flutterwave’s reputation for trustworthiness.

Competitive Exchange Rates: Benefit from competitive exchange rates that enhance the value of your transactions.

Easy to Use: Swap's user-friendly interface simplifies the complex world of foreign currency exchange, making it accessible for both seasoned traders and beginners.

Simplifying In-Person Payments with Point of Sale Solution

Flutterwave offers a user-friendly Point of Sale (POS) solution that allows businesses to collect payments seamlessly in person, whether at store locations, pop-up events, or concerts. Its key features include:

POS Machine: Obtain a POS machine that supports battery or plug-in operation for flexible use.

End-to-End Encryption: Ensure secure transactions with end-to-end encryption and PCI compliance.

Dashboard Management: Manage all your terminals effortlessly from a centralized dashboard.

Payment Acceptance: Accept payments via EMV chip and QR codes, offering customers various payment options.

Local Payment Options: Enable customers to pay using their preferred local payment methods.

Charging Hardware Included: Receive charging hardware as part of the package for added convenience.

Hands-On Support: Access hands-on support to address any queries or assistance needed.

Flutterwave's POS solution is designed to streamline in-person payment processes, providing businesses with the tools they need to enhance customer experiences and drive sales.

Olugbenga Agboola, Founder & CEO, Flutterwave

Olugbenga Agboola is a seasoned professional with a rich background in fintech development. Having made significant contributions to the advancement of financial technology solutions at various tech companies and financial institutions like PayPal and Standard Bank, he brings a wealth of experience to the table. Agboola is recognized as a serial entrepreneur, combining his expertise in software engineering with an MBA to drive innovation and success in the industry.

Flutterwave's Swap offers a simple and secure way to access foreign currency at competitive exchange rates, tailored to meet both personal and business needs.

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