Flutterwave Raises $250 Million in Series D Funding Round, Startup Now Valued at Over $3 Billion – Fintech Bitcoin News - BitcoinEthereumNews.com
Fintech startup Flutterwave anounced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startups value rise to over $3 billion. Capital Raised to Fund Flutterwaves Expansion Plans The Nigerian fintech startup Flutterwave recently anounced it raised $250 million in a Series D funding round. The latest capital raise, led by B Capital Group, saw the fintech firms valuation increase to over $3 billion. According to a statement on the remittance and payments service providers blog, Flutterwave is planing to use the capital raised to drive its “ambitious expansion plan to accelerate customer acquisition in existing markets and growth through M&A.” In addition, the fast-growing fintech startup said it will use the funds to “develop complementary products while encouraging new inovations in its products and services development.” Flutterwaves confirmation of its latest capital raise comes almost twelve months after the fintech startup successfully raised $170 million. That capital raise resulted in Flutterwave becoming one of the African fintech startups with a valuation exceeding $1 billion. After this latest capital raise, Flutterwave has now raised a total of $475 million since its inception in 2016. Flutterwaves Global Backing In remarks following the latest capital