- Flutterwave is a leading African fintech company that has evolved from a payment gateway to a banking powerhouse, recently surpassing $40 billion in lifetime payment volume and securing a national microfinance banking license in Nigeria.
- In the past year, Flutterwave acquired the open banking startup Mono for $30 million, enhancing its financial infrastructure and enabling it to manage customer deposits and offer credit directly.
- The company serves a diverse range of clients, including businesses looking for seamless payment solutions and financial institutions seeking to integrate open banking capabilities, thereby expanding its ecosystem.
- Flutterwave's ideal buyer includes businesses in Africa seeking to streamline their payment processes and financial institutions looking to leverage open banking, addressing the pain points of high transaction fees and lack of direct banking capabilities.
Engineering is the largest team with 48 employees (about 23% of staff). Sales and Support follows with 35 (~17%), then Marketing and Product at 26 (~12%) and Business Management at 25 (~12%). Finance and Administration (19), Risk, Safety, Compliance (18), and Information Technology (14) make up much of the remaining technical and control functions, with Operations (9), Human Resources (8), and Other (10) rounding out the organization.
Employees are distributed across Africa, North America, and Europe, with a significant concentration in Nigeria. Lagos accounts for 51 employees and an additional 36 are listed under Nigeria, together representing about 41% of total headcount. Other named locations include the United States (9), London (8), United Kingdom (8), Ghana (4), San Francisco (4), New York (3), and Houston (3). A further 86 employees are attributed to Other locations, indicating a dispersed footprint beyond the named hubs.
