With the recent change in the top management of Flutterwave Incorporated, the company says it remains committed in the drive towards ensuring that there renewed trust and security in the Nigerian payment technology sector.
Speaking at a media briefing in Lagos, Co-Founder and CEO of Flutterwave Inc., Gbenga Agboola, enumerated the company’s plans and programmes; and noted that Flutterwave is trying to build a new experience in payment in Nigeria.
According to Gbenga Agboola, the company has received certifications that attests to its ability to secure customers’ transactions. “We place a very high premium on security and trust,” he concluded. The certifications include PCI-1 licence, PA-DSS and ISO 27001.
He further pointed out that the unique feature of Flutterwave service is that they process any manner of card from across the world.
The company’s flagship application, Wave, allows merchants to collect payment from anywhere in the world, and already has over 25, 000 merchants on the platform.
Other features of the company’s services, according to Agboola include flexible settlement, connectivity via any client, flexible merchant architecture, 3D security, among others.
A Financial Technology (Fintech) company, Flutterwave, which was founded in 2016, is a payment technology company focused on helping banks and businesses provide seamless and secure payment experiences for their customers. The company says it has a team of world class entrepreneurs, financial services technologists and mobile payment experts working together to build Africa’s payment infrastructure from the ground up.
Since it was founded in 2016, Flutterwave has processed over $2.5 billion for clients such as Uber, Facebook, Transferwise, Flywire, Booking.Com among others. Some of its investors and partners include Mastercard, Omidyar Network, Y Combinator, Greycroft, Green Visor Capital, as well as other notable Silicon Valley venture firms.
Aside the $2.5 billion in payments process, the company which has 1200+ developers building on it has also processed up to 100 million transactions with 50 bank partners in Africa.
Flutterwave, last month, announced that it has completed its Series A Extension round of financing. The round of financing, according to a statement included investments from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others.
To this end, Flutterwave has now raised over $20 million to date and its largest investors include Green Visor Capital and Greycroft Partners.
As part of the financing, the Chairman of Green Visor Capital, and former Chairman/CEO of Visa, Joe Saunders joined the Flutterwave Board of Directors.
The Fintech company, which recently replaced its pioneer CEO, Iyinoluwa Aboyeji, said it is building modern payments technology and infrastructure for Africa.
Its solution enables banks and merchants to replace multiple payment integrations with one simple Application Programme Interface (API), which enables processing of any form of payment anywhere in Africa.
Other features of the Flutterwave service are payment acceptance, make payouts and manage business funds from one integrated platform that helps businesses connect globally. “Processing billions around the world, we are the trusted payments partner of Nigeria businesses.”