Flutterwave valuation, funding and investors

Flutterwave works in global payment processing services, based in San Francisco, United States. Founded in 2016, it has about 875 employees.

Payment Processing & Point of Sale San Francisco Series E

VALUATION · TODAY

$3.34B +3% after Series E

Range $2.78B – $4.17B · Grade A

TODAY

+12 MO

$2.00B

$4.00B

$6.00B

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Seed $0.23M

Series A $9.20M

Series B $35.0M

Series C $170M

Series D $250M

Series E

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY875 employees

−2%6m growth

−6%1y growth

−20%2y growth

500

1,000

1,500

Data from Jan 2021

TODAY

Predicted in 1 yr $3.45B +3% vs today

Predicted next raise $458M if a round comes

Winding-down probability 53%

Last round: Series E · Jun 2026
Valuation at last round: $3.20B
Headcount: 875 · down
Grade: A
Founded: 2016

How VCMC values companies →

Flutterwave valuation today

VCMC values Flutterwave at $3.3B today, with a range of $2.8B to $4.2B and a grade of A. The valuation starts from its last funding round, a Series E round in Jun 2026.

Valuation by date (137 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Flutterwave: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2016	$6.98M	$2.54M – $19.2M	$8.37M (+20%)	before first round	–	unknown	D	0%
1 Feb 2016	$7.01M	$2.55M – $19.3M	$8.60M (+23%)	before first round	–	unknown	D	0%
1 Mar 2016	$7.04M	$2.56M – $19.3M	$8.82M (+25%)	before first round	–	unknown	D	0%
1 Apr 2016	$7.07M	$2.57M – $19.4M	$9.06M (+28%)	before first round	–	unknown	D	0%
1 May 2016	$7.09M	$2.58M – $19.5M	$9.29M (+31%)	before first round	–	unknown	D	0%
1 Jun 2016	$7.12M	$2.59M – $19.6M	$9.55M (+34%)	before first round	–	unknown	D	0%
1 Jul 2016	$7.15M	$2.60M – $19.6M	$9.80M (+37%)	before first round	–	unknown	D	0%
1 Aug 2016	$7.34M	$2.67M – $20.2M	$10.1M (+37%)	before first round	–	unknown	D	0%
16 Aug 2016	$0.92M	$0.60M – $2.80M	$1.84M (+100%)	after a round	–	unknown	C	0%
1 Sep 2016	$0.95M	$0.60M – $2.80M	$1.84M (+94%)	after a round	–	unknown	C	0%
1 Oct 2016	$1.01M	$0.60M – $2.80M	$1.84M (+83%)	after a round	–	unknown	C	0%
1 Nov 2016	$1.07M	$0.60M – $2.80M	$1.84M (+72%)	after a round	–	unknown	C	0%
1 Dec 2016	$1.13M	$0.60M – $2.80M	$1.84M (+63%)	after a round	–	unknown	C	0%
1 Jan 2017	$1.20M	$0.60M – $2.80M	$1.84M (+54%)	after a round	–	unknown	C	0%
1 Feb 2017	$1.27M	$0.60M – $2.80M	$1.84M (+45%)	after a round	–	unknown	C	0%
1 Mar 2017	$1.34M	$0.60M – $2.80M	$1.84M (+37%)	after a round	–	unknown	C	0%
1 Apr 2017	$1.42M	$0.60M – $2.80M	$1.84M (+30%)	after a round	–	unknown	C	0%
1 May 2017	$1.50M	$0.60M – $2.80M	$1.84M (+22%)	after a round	–	unknown	C	0%
1 Jun 2017	$1.60M	$0.60M – $2.80M	$1.84M (+15%)	after a round	–	unknown	C	0%
1 Jul 2017	$1.69M	$0.60M – $2.80M	$1.84M (+9%)	after a round	–	unknown	C	0%
1 Aug 2017	$1.79M	$0.60M – $2.80M	$1.84M (+3%)	after a round	–	unknown	C	0%
1 Sep 2017	$1.84M	$0.59M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Oct 2017	$1.84M	$0.56M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Nov 2017	$1.84M	$0.53M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Dec 2017	$1.84M	$0.51M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Jan 2018	$1.84M	$0.48M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Feb 2018	$1.84M	$0.46M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Mar 2018	$1.84M	$0.44M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Apr 2018	$1.84M	$0.42M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 May 2018	$1.84M	$0.40M – $2.80M	$1.84M (0%)	after a round	–	unknown	C	0%
1 Jun 2018	$1.84M	$0.38M – $2.80M	$1.84M (0%)	after a round	–	unknown	D	0%
1 Jul 2018	$1.84M	$0.36M – $2.80M	$1.84M (0%)	after a round	–	unknown	D	0%
1 Aug 2018	$1.84M	$0.34M – $2.80M	$1.84M (0%)	after a round	–	unknown	D	0%
1 Sep 2018	$1.84M	$0.32M – $2.80M	$1.84M (0%)	after a round	–	unknown	D	0%
1 Oct 2018	$1.84M	$0.31M – $2.80M	$1.84M (0%)	after a round	–	unknown	D	0%
17 Oct 2018	$32.3M	$22.7M – $82.4M	$58.0M (+80%)	after a round	–	unknown	C	0%
1 Nov 2018	$33.1M	$22.7M – $82.4M	$58.0M (+75%)	after a round	–	unknown	C	0%
1 Dec 2018	$34.7M	$22.7M – $82.4M	$58.0M (+67%)	after a round	–	unknown	C	0%
1 Jan 2019	$36.5M	$22.7M – $82.4M	$58.0M (+59%)	after a round	–	unknown	C	0%
1 Feb 2019	$38.4M	$22.7M – $82.4M	$58.0M (+51%)	after a round	–	unknown	C	0%
1 Mar 2019	$40.1M	$22.7M – $82.4M	$58.0M (+45%)	after a round	–	unknown	C	0%
1 Apr 2019	$42.2M	$22.7M – $82.4M	$58.0M (+38%)	after a round	–	unknown	C	0%
1 May 2019	$44.3M	$22.7M – $82.4M	$58.0M (+31%)	after a round	–	unknown	C	0%
1 Jun 2019	$46.5M	$22.7M – $82.4M	$58.0M (+25%)	after a round	–	unknown	C	0%
1 Jul 2019	$48.8M	$22.7M – $82.4M	$58.0M (+19%)	after a round	–	unknown	C	0%
1 Aug 2019	$51.3M	$22.7M – $82.4M	$58.0M (+13%)	after a round	–	unknown	C	0%
1 Sep 2019	$54.0M	$22.7M – $82.4M	$58.0M (+8%)	after a round	–	unknown	C	0%
1 Oct 2019	$56.6M	$22.7M – $82.4M	$58.0M (+2%)	after a round	–	unknown	C	0%
1 Nov 2019	$58.0M	$22.1M – $82.4M	$58.0M (0%)	after a round	–	unknown	C	0%
1 Dec 2019	$58.0M	$21.1M – $82.4M	$58.0M (0%)	after a round	–	unknown	C	0%
1 Jan 2020	$58.0M	$20.0M – $82.4M	$58.0M (0%)	after a round	–	unknown	C	0%
22 Jan 2020	$164M	$115M – $349M	$246M (+50%)	after a round	–	unknown	B	0%
1 Feb 2020	$166M	$115M – $349M	$246M (+48%)	after a round	–	unknown	B	0%
1 Mar 2020	$171M	$115M – $349M	$246M (+43%)	after a round	–	unknown	B	0%
1 Apr 2020	$177M	$115M – $349M	$246M (+39%)	after a round	–	unknown	B	0%
1 May 2020	$183M	$115M – $349M	$246M (+34%)	after a round	–	unknown	B	0%
1 Jun 2020	$190M	$115M – $349M	$246M (+30%)	after a round	–	unknown	B	0%
1 Jul 2020	$196M	$115M – $349M	$246M (+25%)	after a round	–	unknown	B	0%
1 Aug 2020	$203M	$115M – $349M	$246M (+21%)	after a round	–	unknown	B	0%
1 Sep 2020	$210M	$115M – $349M	$246M (+17%)	after a round	–	unknown	B	0%
1 Oct 2020	$217M	$115M – $349M	$246M (+13%)	after a round	–	unknown	B	0%
1 Nov 2020	$225M	$115M – $349M	$246M (+9%)	after a round	–	unknown	B	0%
1 Dec 2020	$232M	$115M – $349M	$246M (+6%)	after a round	–	unknown	B	0%
1 Jan 2021	$241M	$115M – $349M	$246M (+2%)	after a round	200	unknown	B	0%
1 Feb 2021	$246M	$114M – $349M	$246M (0%)	after a round	200	unknown	B	0%
1 Mar 2021	$246M	$109M – $349M	$246M (0%)	after a round	200	unknown	B	0%
11 Mar 2021	$1.0B	$869M – $1.5B	$1.3B (+30%)	after a round	200	unknown	A	0%
1 Apr 2021	$1.0B	$869M – $1.5B	$1.3B (+28%)	after a round	200	flat	A	0%
1 May 2021	$1.0B	$869M – $1.5B	$1.3B (+25%)	after a round	200	flat	A	0%
1 Jun 2021	$1.1B	$869M – $1.5B	$1.3B (+22%)	after a round	200	flat	A	0%
1 Jul 2021	$1.1B	$869M – $1.5B	$1.3B (+20%)	after a round	200	flat	A	0%
1 Aug 2021	$1.1B	$869M – $1.5B	$1.3B (+17%)	after a round	200	flat	A	0%
1 Sep 2021	$1.1B	$869M – $1.5B	$1.3B (+15%)	after a round	200	flat	A	0%
1 Oct 2021	$1.2B	$869M – $1.5B	$1.3B (+12%)	after a round	200	flat	A	0%
1 Nov 2021	$1.2B	$869M – $1.5B	$1.3B (+10%)	after a round	200	flat	A	0%
1 Dec 2021	$1.2B	$869M – $1.5B	$1.3B (+7%)	after a round	200	flat	A	0%
1 Jan 2022	$1.2B	$869M – $1.5B	$1.3B (+5%)	after a round	200	flat	A	0%
1 Feb 2022	$1.5B	$869M – $1.8B	$1.6B (+5%)	after a round	450	growing	B	0%
17 Feb 2022	$3.0B	$2.6B – $4.5B	$3.9B (+30%)	after a round	450	growing	A	0%
1 Mar 2022	$3.0B	$2.6B – $4.5B	$3.9B (+29%)	after a round	450	growing	A	0%
1 Apr 2022	$3.1B	$2.6B – $4.5B	$3.9B (+26%)	after a round	450	growing	A	0%
1 May 2022	$3.2B	$2.6B – $4.5B	$3.9B (+23%)	after a round	450	growing	A	0%
1 Jun 2022	$3.2B	$2.6B – $4.5B	$3.9B (+21%)	after a round	450	growing	A	0%
1 Jul 2022	$3.3B	$2.6B – $4.5B	$3.9B (+18%)	after a round	450	growing	A	0%
1 Aug 2022	$3.4B	$2.6B – $4.5B	$3.9B (+15%)	after a round	450	growing	A	0%
1 Sep 2022	$3.5B	$2.6B – $4.5B	$3.9B (+13%)	after a round	450	growing	A	0%
1 Oct 2022	$3.5B	$2.6B – $4.5B	$3.9B (+10%)	after a round	450	growing	A	0%
1 Nov 2022	$3.6B	$2.6B – $4.5B	$3.9B (+8%)	after a round	450	unknown	A	0%
1 Dec 2022	$3.7B	$2.6B – $4.5B	$3.9B (+6%)	after a round	450	unknown	A	0%
1 Jan 2023	$4.2B	$2.6B – $5.0B	$4.4B (+5%)	after a round	760	growing	B	0%
1 Feb 2023	$4.3B	$2.6B – $5.0B	$4.4B (+2%)	after a round	760	growing	B	0%
1 Mar 2023	$4.4B	$2.6B – $5.0B	$4.4B (0%)	after a round	760	growing	B	0%
1 Apr 2023	$4.4B	$2.7B – $5.0B	$4.4B (0%)	after a round	760	growing	B	0%
1 May 2023	$4.4B	$2.7B – $5.0B	$4.4B (0%)	after a round	760	growing	B	0%
1 Jun 2023	$4.4B	$2.7B – $5.0B	$4.4B (0%)	after a round	760	growing	B	0%
1 Jul 2023	$4.4B	$2.8B – $5.0B	$4.4B (0%)	after a round	760	growing	A	0%
1 Aug 2023	$4.4B	$2.8B – $5.0B	$4.4B (0%)	after a round	760	growing	A	0%
1 Sep 2023	$4.4B	$2.1B – $5.0B	$4.4B (0%)	after a round	760	unknown	B	0%
1 Oct 2023	$4.5B	$2.6B – $5.2B	$4.5B (0%)	after a round	880	up	B	0%
1 Nov 2023	$4.5B	$2.6B – $5.2B	$4.5B (0%)	after a round	880	up	B	0%
1 Dec 2023	$4.5B	$2.6B – $5.2B	$4.5B (0%)	after a round	880	up	B	0%
1 Jan 2024	$4.5B	$2.6B – $5.2B	$4.5B (0%)	after a round	880	up	B	0%
1 Feb 2024	$4.5B	$2.6B – $5.2B	$4.5B (0%)	after a round	880	up	B	0%
1 Mar 2024	$4.6B	$2.5B – $5.3B	$4.6B (0%)	after a round	980	up	B	0%
1 Apr 2024	$4.6B	$2.4B – $5.3B	$4.6B (0%)	after a round	980	up	B	0%
1 May 2024	$4.6B	$2.4B – $5.3B	$4.6B (0%)	after a round	980	up	B	0%
1 Jun 2024	$4.6B	$2.3B – $5.3B	$4.6B (0%)	after a round	980	up	B	0%
1 Jul 2024	$4.7B	$3.2B – $5.5B	$4.7B (0%)	after a round	1,100	growing	A	0%
1 Aug 2024	$4.7B	$2.3B – $5.5B	$4.7B (-1%)	after a round	1,100	up	B	0%
1 Sep 2024	$4.7B	$2.2B – $5.5B	$4.7B (-1%)	after a round	1,100	up	B	0%
1 Oct 2024	$4.7B	$2.2B – $5.5B	$4.7B (-1%)	after a round	1,100	up	B	0%
1 Nov 2024	$4.7B	$2.2B – $5.5B	$4.7B (-1%)	after a round	1,100	up	B	0%
1 Dec 2024	$4.7B	$2.1B – $5.5B	$4.7B (-1%)	after a round	1,100	up	B	0%
1 Jan 2025	$4.7B	$2.1B – $5.5B	$4.7B (-2%)	after a round	1,100	up	B	0%
1 Feb 2025	$4.7B	$2.0B – $5.5B	$4.7B (-2%)	after a round	1,100	up	B	0%
1 Mar 2025	$4.7B	$1.6B – $5.5B	$4.7B (-2%)	after a round	1,100	up	C	0%
1 Apr 2025	$4.7B	$1.5B – $5.4B	$4.7B (-2%)	after a round	1,100	up	C	0%
1 May 2025	$4.7B	$1.5B – $5.4B	$4.4B (-6%)	after a round	1,100	up	C	0%
1 Jun 2025	$4.7B	$1.4B – $5.4B	$4.4B (-6%)	after a round	1,100	up	C	0%
1 Jul 2025	$3.5B	$745M – $5.2B	$2.9B (-17%)	after a round	970	flat	C	23%
1 Aug 2025	$2.7B	$706M – $5.2B	$2.1B (-23%)	after a round	958	flat	C	44%
1 Sep 2025	$2.7B	$671M – $5.1B	$2.0B (-24%)	after a round	958	flat	D	44%
1 Oct 2025	$1.6B	$635M – $5.2B	$1.0B (-36%)	after a round	935	down	D	88%
1 Nov 2025	$1.5B	$604M – $5.2B	$974M (-36%)	after a round	935	down	D	88%
1 Dec 2025	$1.5B	$575M – $5.2B	$944M (-36%)	after a round	935	down	D	88%
1 Jan 2026	$1.3B	$540M – $5.2B	$792M (-37%)	after a round	892	down	D	97%
1 Feb 2026	$1.2B	$514M – $5.2B	$792M (-35%)	after a round	892	down	D	97%
1 Mar 2026	$1.1B	$491M – $5.2B	$792M (-28%)	after a round	892	down	D	97%
1 Apr 2026	$1.1B	$466M – $5.2B	$791M (-26%)	after a round	892	down	D	97%
1 May 2026	$1.0B	$444M – $5.2B	$791M (-23%)	after a round	892	down	D	97%
1 Jun 2026	$1.1B	$420M – $5.1B	$889M (-19%)	after a round	873	down	D	89%
17 Jun 2026	$3.2B	$2.8B – $4.1B	$3.6B (+13%)	after a round	873	down	A	55%
1 Jul 2026	$3.2B	$2.8B – $4.1B	$3.6B (+11%)	after a round	873	down	A	55%
1 Aug 2026	$3.3B	$2.8B – $4.2B	$3.6B (+10%)	after a round	881	flat	A	52%
1 Sep 2026	$3.3B	$2.8B – $4.2B	$3.5B (+8%)	after a round	881	flat	A	52%
1 Oct 2026	$3.3B	$2.8B – $4.2B	$3.5B (+5%)	after a round	875	down	A	53%
24 Oct 2026	$3.3B	$2.8B – $4.2B	$3.4B (+3%)	after a round	875	down	A	53%

Key facts about Flutterwave

Founded: 2016
Headquarters: San Francisco, United States
Employees: about 875 -6% in a year
Total raised: $464M
Funding rounds: 6
Last round: Series E Jun 2026

Flutterwave was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola.

Flutterwave funding history

Flutterwave has 6 funding rounds on record, from Aug 2016 to Jun 2026, $464M in total. The latest disclosed valuation is $3.20B post-money (Series E, Jun 2026).

Series E 16 Jun 2026
With Ripple Ventures.
Sources: flutterwave.com, fintechfutures.com, techcrunch.com and 1 more
Amount undisclosed
$3.20B post-money
Series D 16 Feb 2022
Led by B Capital; with Alta Park Capital, Whale Rock Capital, Lux Capital, Glynn Capital, Avenir, Tiger Global, Green Visor Capital, Salesforce Ventures, Chaos Ventures.
Sources: financialit.net, flutterwave.com, techcrunch.com and 3 more
$250M
$3.00B post-money
Series C 10 Mar 2021
Led by Avenir, Tiger Global; with DST Global, Early Capital Group, Berrywood, Green Visor Capital, Greycroft, Insight Partners, Salesforce Ventures, 9yards Capital, Worldpay FIS, Y Combinator, Visa Ventures, Mastercard, Early Capital Berrywood, Golden Palm Investments, Ethos, Northstar.
Sources: flutterwave.com, techcrunch.com, thecondia.com and 4 more
$170M
$1.00B post-money
Series B 21 Jan 2020
Led by Greycroft, eVentures; with CRE Venture Capital, FIS, Visa, Green Visor Capital, Endeavor, FinTech Collective, 9 Yards Capital, 4DX Ventures, YCVC.
Sources: withati.com, flutterwave.com
$35M
Series A 16 Oct 2018
With Mastercard, 4DX Ventures, Raba Partnership, FinTech Collective, CRE Venture Capital, The Catalyst Fund, Musha Ventures.
Sources: withati.com, d3rt9kwm79qb51.cloudfront.net
$9.2M
Seed 15 Aug 2016
With Y Combinator, Flourish Ventures, Golden Palm Investments, Raba Partnership, Soma Capital, Green Visor Capital, AAF Management Ltd., Spider Capital, DCVC, Lynett Capital, Palm Drive Capital, 8090 Industries, Social Capital, Zillionize.
Sources: withati.com
$230K

Flutterwave investors

46 investors have backed Flutterwave; Avenir, Greycroft and Tiger Global and 2 more led at least one round.

Greycroft lead, 2 rounds
Tiger Global lead, 2 rounds
B Capital lead
eVentures lead
9 Yards Capital 2 rounds
Golden Palm Investments 2 rounds
Mastercard 2 rounds
Raba Partnership 2 rounds
Salesforce Ventures 2 rounds
Y Combinator 2 rounds
AAF Management Ltd.
Alta Park Capital
Berrywood
DCVC
DST Global
Early Capital Berrywood
Endeavor
FIS
Insight Partners
Lux Capital
Social Capital
Soma Capital
Visa
Visa Ventures
Whale Rock Capital
Worldpay FIS
YCVC

What Flutterwave does

Flutterwave works in payment processing & point of sale, with 16 recorded offerings and customers in financial technology and financial services.

Flutterwave Incorporated is a United States-based financial technology company engaged in payment processing and financial services for enterprises, individuals, small businesses, and startups. The company provides payment processing, cross-border payouts, point-of-sale systems, and financial products such as tuition fee payments, event ticket sales, and lifestyle, business, and travel management services. Flutterwave operates in over 30 currencies and serves clients in multiple countries, including the United States, Nigeria, and other African markets. The company is registered with FinCEN and holds NMLS ID# 2391594.

Description from Veridion's company data.

Products and services

Global Payment Processing Services
Online Payment Solutions
Cross-Border Payment Payouts
POS Payment System Deployment
Payment Link Creation Services
Payment Invoicing Services
Financial Product Payment Solutions
Tuition Fee Payment Processing
Event Ticket Sales Payment Processing
Lifestyle and Travel Payment Solutions
Merchant Payment Services
Mobile Money Payment Solutions
Payment API Integration Services
Virtual Card Issuance Services
Checkout Option Enablement Services
Payment Gateway Integration Services

Markets

Financial Technology
Financial Services

Certifications

PCI DSS compliant
CCPA compliant

Business model

Business-to-Business
Business-to-Consumer
Service Provider
Software-as-a-Service

Industry codes (NAICS)

522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 75% match
541512 Computer Systems Design Services 25% match

Questions about Flutterwave

What is Flutterwave worth?

Valuation $3.3B (range $2.8B to $4.2B), as of 24 Oct 2026. The last disclosed valuation was $3.20B (Series E, Jun 2026).

Has Flutterwave raised money?

Flutterwave has 6 funding rounds on record, from Aug 2016 to Jun 2026, $464M in total. The latest disclosed valuation is $3.20B post-money (Series E, Jun 2026).

Who has invested in Flutterwave?

Avenir, Greycroft, Tiger Global, B Capital, eVentures and Green Visor Capital, and 40 more. Lead investors include Avenir, Greycroft, Tiger Global and B Capital.

How many people work at Flutterwave?

About 875, down 6% over the last year. Headcount rose from 200 in Jan 2021 to 1,100 in Jul 2024, then fell to 875 in Sep 2026.

What does Flutterwave do?

Flutterwave works in payment processing & point of sale, with 16 recorded offerings and customers in financial technology and financial services. Its main offerings are global payment processing services, online payment solutions and cross-border payment payouts.

When was Flutterwave founded, and where is it based?

Flutterwave was founded in 2016 and is based in San Francisco, United States. It has about 875 employees, down 6% over the last year.

How we value companies Report an issue

Flutterwave valuation, funding and investors

Flutterwave valuation today

Key facts about Flutterwave

Flutterwave funding history

Series E 16 Jun 2026

Series D 16 Feb 2022

Series C 10 Mar 2021

Series B 21 Jan 2020

Series A 16 Oct 2018

Seed 15 Aug 2016