Shutdown
Mar 2024Flutterwave shut down its Barter product as part of a strategic refocus on enterprise and remittance.
SourceHelping businesses make and accept payments from anywhere in Africa.
Company research
Public company, workplace, funding, and market signals
Overview
Flutterwave is a privately held payments infrastructure company that helps businesses and individuals send, receive, and manage payments across Africa and globally through checkout, payouts, remittances, APIs, payment links, invoicing, and related products.
Primary product
Payments infrastructure platform
Founded
2016
Headquarters
San Francisco, California, United States
Team size
600-700
Industry
Financial Services
Sub-industry
Payments infrastructure / fintech
Offices
San Francisco, California, United States
Lagos, Nigeria
Cairo, Egypt
London, United Kingdom
Nairobi, Kenya
Accra, Ghana
Kampala, Uganda
Yaounde, Cameroon
Dakar, Senegal
Kigali, Rwanda
Business model
payment processing fees
cross-border remittance fees
merchant services
API/platform access
Funding
Stage
Series E
Total raised
$519.7M
Latest round
Series E · Jun 2026
People & investors
Leadership
Founder & CEO
Chief Financial Officer
Chief Legal, Regulatory and Public Policy Officer
Chief Compliance Officer
Omosalewa Adeyemi
SVP, Market Penetration
Founders
Co-founder & Managing Director (former)
Work & culture
The company publicly emphasizes customer focus, trust, loyalty, respectful communication, innovation, inclusion, collaboration, and growth.
Compensation
Publicly disclosed compensation signals are limited; the company advertises competitive salary, and graduate trainees receive a monthly stipend. It also highlights allowances and benefits such as health insurance, life insurance, internet/data support, entertainment allowance, paid leave, and pension.
Benefits
Comprehensive health insurance
Life insurance
Monthly internet/data allowance
Monthly entertainment allowance
20 days of paid annual leave
Employee pension plan
Competitive salary
Product & market
Pricing
Transaction-fee pricing that varies by country and payment method; for example, local card and mobile-money fees differ by market, and international cards are typically charged at 4.8%.
Differentiators
- —Cross-border payment infrastructure built for Africa
- —Supports 15+ payment methods
- —Supports 30+ currencies
- —Developer-friendly APIs and sandbox
- —Collections, payouts, remittance, and merchant tools in one platform
- —Licensed operations in Nigeria and other jurisdictions
- —High daily processing scale
- —Supports multiple customer segments from SMBs to enterprises
Technology
Kotlin
Java
React
React Native
Node.js
PHP
MySQL
Redis
RabbitMQ
GitHub
GitLab
Jenkins
Datadog
Mixpanel
Salesforce
Zendesk
Intercom
Google Cloud
Microsoft Azure
AWS WAF
Customers
Uber
Microsoft
Wise
Xoom (PayPal)
small and medium businesses
enterprises
startups
Competitors
Stripe
Adyen
Airwallex
dLocal
Checkout.com
Paystack
Interswitch
Moniepoint
Mono
Zepz (WorldRemit)
Scale & contact
Estimated revenue
approximately $95M-$150M
Estimated monthly visits
577.2K
Traffic estimate as of Jul 2026
Signals & risks
Layoff
Jun 2024Flutterwave laid off about 30 employees, around 3% of its workforce, while refocusing on enterprise and remittances.
SourceLayoff
Jul 2025Flutterwave cut roughly 50% of staff in Kenya and South Africa in a cost-cutting move ahead of profitability and possible public listing plans.
SourceAcquisition
Jan 2026Flutterwave acquired Mono, a Nigerian open-banking startup, in an all-stock deal reported at roughly $25 million to $40 million.
SourceLatest news
TechCrunch · Jun 2026
Flutterwave announced a Series E at a $3.2B valuation, with Ripple participating and the company saying it has now raised more than $500M in total funding.
FF News · Apr 2026
Flutterwave said it secured a Nigerian banking license, strengthening its domestic payments infrastructure and regulatory footing.
TechCrunch · Jan 2026
Flutterwave acquired open-banking startup Mono in an all-stock deal reported at roughly $25M-$40M, continuing its infrastructure consolidation strategy.
FF News · Aug 2025
The company reported stronger margins, approximately 20% YoY enterprise payments growth, 20 new U.S. money transmitter licenses, and broader product and market expansion in H1 2025.
TechCabal · Jul 2025
Flutterwave cut about half of its staff in Kenya and South Africa as part of a strategy-led review and cost-cutting effort ahead of profitability and a possible public listing.
Jobs and careers at Flutterwave
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