Andela’s Co-Founder Starts Flutterwave, A Payment Startup For Africa

Andela’s Co-Founder Starts Flutterwave, A Payment Startup For Africa

After parting ways with Andela, co-founder, Iyinoluwa Aboyeji, is reported to be behind a new payment startup called Flutterwave.

Andela had raised USD24 million from Facebook founder, Mark Zuckerberg and Priscillia Chan his wife.

In our exclusive interview with Seni Sulyman, Country Manager at Andela, he did said the company’s roadmap and the company’s undiluted vision and unique proposition to build tech leaders for Africa.

According to Flutterwave’s website, the startup said it provides technology, infrastructure and services to enable global merchants, payment service providers and Pan African banks accept and process payments on any channel (Web, Mobile, ATM & POS). “We help businesses in africa go global by smoothening the exchange of funds in 150+ currencies”.

Flutterwave is registered as Flutterwave Inc. and registered at 333 Harrison Street, San Francisco CA 94105. The company claims that its founders have “over 35 years of combined payments and technology experience with global technology companies like Google Wallet, Andela and PayPal as well as several African Banks and Central Banks”.

With an African ambition, the startup might not be looking at competing with local startups such as Paystack, SimplePay and Remita.

Nigeria’s ePaymemt category has received increased interest from local and foreign investors. Other payment verticals such as PayWithCapture and PayAttitude.

The startup did not state who is supporting it with funding.