New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

MobileNews

Fintech Company – Flutterwave – Announces Partnership With PayPal

1 Mins read

Nigerian-based Fintech company, Flutterwave, has announced that it is going into collaboration with PayPal.

The partnership with PayPal would allow PayPal customers from around the globe to pay African merchants via Flutterwave’s platform.

Prior to the partnership between the two fintech companies, African countries have been under restriction, and as such, prevented from receiving funds from Paypal.

According to a blog post by Flutterwave, the collaboration between both companies would “be instrumental in supporting SMEs and freelancers to overcome the many challenges presented by the highly fragmented and complex payment and banking infrastructure.”

Businesses will also be able to connect with the more than 377 million PayPal accounts globally and overcome the payment challenges encountered in Africa.

Flutterwave co-founder and CEO, Olugbenga Agboola, said on the company’s website:

We are excited to bring PayPal’s fully integrated services to businesses across Africa. The collaboration reinforces our vision of creating a seamless digital payments system for Africa’s business communities that can now transact with international consumers.”

Flutterwave claims that the payment service, which is already available for merchants with registered business accounts on Flutterwave, will be operational across 50 African countries and worldwide.

The company also added that it hopes to roll out this service to individual merchants on the platform as well.

Read also: Uber and Lyft Will Now Share Information About Drivers’ Misconduct

Since the launch of Flutterwave in 2016, the company has been helping business create tailored payment application via its API.

The company has processed over 140 million transactions, totaling about US$9 billion.

Last week, Flutterwave closed a US$170 million Series C funding round, which was led by New York-based private investment firm Avenir Growth Capital, as well as US-based hedge fund and investment firm – Tiger Global.

The company also achieved the Unicorn status, after its valuation reached the US$1 billion mark.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

895 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Articles
Related posts
ArticleMobileRandom

Smartphones That Rival The iPhone 16 Pro

1 Mins read
The rivalry between smartphones seems unending; especially the battle for supremacy between iOS and Android devices. The iPhone 16 Pro the latest…
News

Hackers steal $16.8m from Uganda's Central Bank

1 Mins read
Uganda’s Central Bank has become the latest victim of cyber attack. The bank fell to a sophisticated cyber attack by hackers known…
News

Crypto entrepreneur eats popular $6.2m banana artwork

1 Mins read
Interesting things keep happening all around the world, and one of them involves a cryptocurrency entrepreneur, Justin Sun, who transformed an iconic…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply