Flutterwave 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.
Public company, workplace, funding, and market signals
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
0 jobs at Flutterwave
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Business model
Stage
Series E
Total raised
$519.7M
Latest round
Series E · Jun 2026
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)
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
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
Technology
Customers
Competitors
Estimated revenue
approximately $95M-$150M
Estimated monthly visits
577.2K
Traffic estimate as of Jul 2026
Flutterwave shut down its Barter product as part of a strategic refocus on enterprise and remittance.
SourceFlutterwave laid off about 30 employees, around 3% of its workforce, while refocusing on enterprise and remittances.
SourceFlutterwave cut roughly 50% of staff in Kenya and South Africa in a cost-cutting move ahead of profitability and possible public listing plans.
SourceFlutterwave acquired Mono, a Nigerian open-banking startup, in an all-stock deal reported at roughly $25 million to $40 million.
SourceTechCrunch · 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.