Nigerian payments Platform Flutterwave raises $170M, now valued at over $1B

With the emergence of fintech services around the world, Africa remains in the forefront as investors continue to pursue the opportunities that abound in the sector.

Today we have another frontrunner: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion.It was led by the US-based investment firms Avenir Growth Capital and Tiger Global Management, with participation from new and existing investors including DST Global and Salesforce Ventures.

The latest funding brings the total investment in the five-year-old company to $225 million.This represents a landmark achievement for the African startup and tech in Nigeria