How old is Flutterwave?

Founded in 2016 and headquartered in San Francisco and Nigeria, Flutterwave aims to make it easier for Africans to build global businesses that can make and accept any payment, across Africa and around the world.

When did Flutterwave start?

History. Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with current operations in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.

Is Flutterwave a legit company?

They are NIGERIAN SCAMMERS. They have created so many ways to receive funds from all channels. It is so easy to use but once you deposit your cash, there's no way of withdrawing your funds. BE VERY CAREFUL. Their facebook customer service is very alert to apologize for any bad reputation.

Which country uses Flutterwave?

These include Cards, Apple Pay, Bank Account, Google Pay, USSD, Bank Transfer, QR codes, Mobile Money, and Kenyan Mpesa, among others. Flutterwave is supported in Nigeria, Ghana, Kenya, South Africa, Uganda, Tanzania, the United Kingdom, the United States, and Europe.

What happened to Flutterwave in Nigeria?

Flutterwave has allegedly lost ₦11 billion to a security breach in April 2024. According to TechCabal, the perpetrators of the breach illegally transferred ₦11 billion ($7.2 million) to several accounts in small amounts that would not trigger fraud checks.

"Flutterwave is the largest start-up company in Africa with $3bn valuation" - Longi Dafur

Who is the real owner of Flutterwave?

Frustrated by these inefficiencies, Nigerian entrepreneur Olugbenga Agboola and a team of ex-bankers and engineers started Flutterwave, a payment processing company that helps businesses make and receive payments across borders, using one API.

Is OPay under Flutterwave?

Opay is a Nigerian digital wallet preferred by several customers to make transactions. Flutterwave allows you to collect payment from your customers by debiting their OPay wallets directly. This transaction involves redirecting to the customer's wallet to authorize the debit and complete the payment.

Which banks use Flutterwave?

Which is better, Paystack or Flutterwave?

Comparing the customer bases of Paystack and Flutterwave, we can see that Paystack has 1,756 customer(s), while Flutterwave has 1,257 customer(s). In the Payments Processing category, with 1,756 customer(s) Paystack stands at 21st place by ranking, while Flutterwave with 1,257 customer(s), is at the 29th place.

Which payment gateway is best in Nigeria?

How does Flutterwave make money?

Flutterwave generates revenue by charging a fee on transactions. As of January 2024, it charges a 2.9% fee for local card transactions and a 3.8% fee for international card transactions. The fees charged on wallets, mobile money, and transfers to bank accounts domiciled in other countries vary from country to country.

Is Flutterwave approved by CBN?

Send App is a product by Flutterwave Technology Solutions Ltd (Flutterwave). Flutterwave holds an International Money Transfer Operator license for inbound remittances, issued by the Central Bank of Nigeria.

Does Flutterwave refund money?

Please note that we will always refund the full amount you paid for a transaction. If you receive a different amount, it might be due to: Your bank charged a fee after we refunded the full amount. Please contact your bank for assistance.

How safe is Flutterwave?

Yes, you can consider Flutterwave safe for payments. The platform maintains PCI-DSS Level 1 compliance, which is a security standard for handling credit card information. It also has fraud detection and other security measures in place to protect your transactions.

Which fintech company is best in Nigeria?

Which country made Flutterwave?

Flutterwave is a Nigerian fintech startup founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola. The company began by providing a payment platform for businesses in Nigeria but quickly expanded to other countries in Africa.

Is Paystack owned by Stripe?

Paystack is a Stripe subsidiary company focused on accelerating online commerce across Africa.

Is Flutterwave free to use?

You can create an account and set it up to receive payments on Flutterwave completely free. Flutterwave only charges fees per transaction on transfers and payments you receive.

Where is Flutterwave HQ?

Flutterwave's main headquarters is located at 1323 Columbus Avenue in San Francisco, California.

Does Shopify use Flutterwave?

The integration involves logging into your Shopify store, navigating to the 'Payments' section, and adding Flutterwave as a payment method. You will be prompted to provide API keys available from your Flutterwave account and can tailor payment methods to fit your store and customer needs.

Can I receive dollars with Flutterwave?

What is the USD Cash Pickup option on Flutterwave? The USD Cash Pickup option is a payment delivery method that allows recipients to physically collect cash from a convenient pickup location nationwide. Please note that cash can only be collected in USD in line with Central Bank of Nigeria (CBN) directives.

Who bought OPay?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.

Does Flutterwave accept PayPal?

Overview Of Flutterwave Operation With PayPal

You don't need a PayPal account to start receiving payments via Flutterwave. However, it is essential to set up a Flutterwave account as an individual, business, or non-governmental organization (NGO) to enable PayPal as your part of the payment method on the platform.

What is the new name for OPay?

Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui in 2013 with headquarters in Ikeja, Lagos State, Nigeria. It is among the four major fintech companies in Nigeria: Moniepoint Inc., Kuda, and PalmPay.