Flutterwave, Africa’s leading payments technology company, has been making waves across the financial technology landscape in a series of groundbreaking developments. The company’s recent achievements underscore its commitment to innovation and growing influence in the global fintech arena.
Flutterwave has recently forged a strategic partnership with Acquired.com to enhance card payment processing for its Send App, the company’s flagship remittance product. This collaboration aims to streamline domestic card payments for UK and EU cardholders, facilitating faster and more secure outward remittance transactions to Africa. James Hardy, Senior Vice President of Consumer Business at Flutterwave, emphasized the company’s dedication to improving customer experience through strategic partnerships.
The partnership with Acquired.com brings several benefits to Flutterwave’s operations. It introduces intelligent BIN routing through multiple acquiring connections, resulting in a smoother customer journey. Moreover, Acquired.com’s expertise in payment optimization has led to tailored analysis and recommendations, further enhancing Flutterwave’s processing capabilities.
In a separate development, Flutterwave’s founder and CEO, Olugbenga Agboola, has been appointed vice chair of the U.S. Chamber of Commerce’s US-Africa Business Center’s board of directors. This appointment, announced at the US-Nigeria Executive Dialogue in New York City, received the endorsement of Nigerian President Bola Tinubu. The US-Africa Business Center lauded Flutterwave’s leadership in Africa’s digital revolution, recognizing the company’s pivotal role in shaping the continent’s economic narrative.
Agboola expressed his enthusiasm for the appointment, viewing it as a personal achievement and a fulfillment of Flutterwave’s commitment to connecting Africa to the global economy. This position aligns with the company’s vision of strengthening US-African relations and championing emerging technologies.
Further cementing its status as an industry leader, Flutterwave has been ranked No. 1 in Fast Company’s Most Innovative Company for Europe, Middle East, and Africa 2024. This prestigious recognition places Flutterwave alongside global giants such as Nvidia, OpenAI, and YouTube. The accolade highlights Flutterwave’s role in setting new standards and achieving remarkable milestones in the financial technology sector.
Responding to the honor, Agboola emphasized innovation as a core value deeply embedded in all Flutterwave operations. He credited the company’s team as the driving force behind their achievements, describing them as the “secret sauce” to Flutterwave’s success.
Over the past year and a half, Flutterwave has significantly expanded its offerings for global enterprises. The company has developed critical solutions for payouts and collections, supporting the growth of multinationals across Africa. These innovations enable global enterprises to manage transactions in multiple currencies efficiently and capitalize on investment opportunities swiftly.
Flutterwave’s commitment to technological advancement is evident in its collaborations with industry giants. A partnership with Microsoft has allowed the company to scale its payment solutions on Azure seamlessly. Additionally, Flutterwave has joined forces with Token.io to enable open banking for its UK and EU customers, introducing African businesses to millions of global customers.
The company has also made strides in the remittance sector, expanding the reach of its Send App to include Canada and the US. Integrations with popular payment methods like Google Pay, Apple Pay, and international card payments have further enhanced the app’s functionality for users in various regions.
Flutterwave’s innovative approach extends beyond traditional financial services. The company has collaborated with Audiomack Plus to create monetization opportunities for African artists, contributing to the growth of the continent’s music industry. Additionally, Flutterwave has introduced mobile money and cash pick-up options in selected destinations, catering to older adults who prefer traditional cash withdrawal methods for remittances.
As Flutterwave continues to push the boundaries of financial technology, its recent achievements and recognitions serve as a testament to its innovative spirit and crucial role in connecting Africa to the global economy. With a clear vision and a dedicated team, Flutterwave is well-positioned to shape the future of digital finance in Africa and beyond.