Provider Insights

Geographical Focus:

Flutterwave, primarily focused on Africa, has established its presence across 34 countries on the continent, facilitating cross-border payments. They have recently expanded their operations to Egypt, Morocco, and the U.S., aiming to extend their reach to emerging markets and eventually to the U.K. and Europe.

Licenses:

EU: Regulated by Dutch Central Bank (DNB) via Modulr Finance B.V. (Firm Reference Number: R182870).
Canada: Regulated by FINTRAC as a Money Service Business.USA:
Registered as a Money Services Business regulated by the US Department of the Treasury, Financial Crimes Enforcement Network, with specific state-based licenses.
UK: Operates under Flutterwave UK Limited, distributing for Modulr FS Limited, regulated by the Financial Conduct Authority (FRN: 900573).

Investors:

The Series D round saw investment from B Capital Group, Alta Park Capital, Whale Rock Capital, and Lux Capital, along with continued backing from existing investors such as Avenir Growth, Tiger Global, and others.