Flutterwave, an African fintech startup, has announced that its services are now available in South Africa after it was granted an operating license by South African Reserve Bank in April.
Flutterwave which was launched in 2016 provides a payment service for merchants, payment service providers, and pan-African banks. The payment startup will also launch its online product RAVE.
Just a few days to go 🥳. Join us at Rave’d Up Johannesburg.
• Pay and get paid across Africa.
• Send and receive payments globally.📆: 7th of June
⏰: 8:30am-12pm
📍: Workshop 17, Sandton 138 West street, Sandown, Sandton Johannesburg.We can’t wait to see you there! pic.twitter.com/QjVMRmytqf
— Flutterwave (@theflutterwave) June 5, 2019
Flutterwave says RAVE solves the challenge of fragmented payments infrastructure on the African continent by providing a solution which allows multiple payment channels to be made and received via a single integration.
South Africa becomes the ninth African country in which Flutterwave has a presence, following launches in Zambia, Kenya, Tanzania, Cameroon, Ghana, Nigeria, Rwanda, and Sierra Leone.
The startup is well-backed, raising US$10 million in Series A funding in August 2017 and then an extension round last year to take its total raised funding to date to more than US$20 million. Investors include Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, Raba Capital, Green Visor Capital, and Greycroft Partners.
