African fintech giant Flutterwave said it has processed more than one billion transactions and moved over $40 billion in total payment value since inception.
Flutterwave Founder and CEO, Olugbenga Agboola, disclosed this in a blog post reflecting on the company’s performance and expansion over the past year.
According to Agboola, the company’s growth was driven by increasing adoption of local payment methods by businesses and consumers across its markets.
Agboola revealed that wallet-based collections recorded a 289% increase in transaction count over the past year, while the value of bank transfer transactions rose by 184%.
The figures highlight the increasing importance of digital payment infrastructure in Africa’s rapidly expanding digital economy, where bank transfers and mobile wallets continue to gain traction among consumers and businesses.
“Flutterwave has now processed more than 1 billion transactions and moved over $40 billion in total payment value. This foundation allowed us to achieve incredible momentum over the past year,” Agboola stated.
Agboola disclosed that Flutterwave now supports payments in more than 50 global currencies across Africa, Europe, Asia, the Middle East, and North America.
The company also secured new operating licences in Senegal, Zambia, and Cameroon during the year, expanding its regulatory footprint across the continent.
In addition, Flutterwave strengthened its partnerships with Circle and Polygon to integrate stablecoin capabilities into its payments infrastructure, a move aimed at improving cross-border settlement services for businesses operating across multiple markets.
According to Agboola, the additional capabilities will help companies scale faster and expand into new markets with greater confidence.
