Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others, have participated in a Series A extension round of financing to Flutterwave, a Nigerian fintech startup. 

Headquartered in San Francisco, Flutterwave is building modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy.

Flutterwave has now raised over $20m to date. 

Its largest investors include Green Visor Capital and Greycroft Partners.

As part of the financing, current Green Visor Capital Chairman & General Partner and former Chairman & CEO of Visa, Joe Saunders, joined the Flutterwave Board of Directors.

Much like in mobile communications, Africa is leapfrogging traditional payments technology and Flutterwave is building the Pan-African infrastructure to become the standard bearer for modern payments. 

Flutterwave’s API makes it easier for the almost 24,000 businesses and individuals using its solution to process payments across Africa. 

The African market, marked by increasing cross-border requirements, multi-instrument and channel payments, and a drive for financial inclusion is primed for Flutterwave’s unique vision and offering.