Companies · Fintech
SAN FRANCISCO · LA, Nigeria; LA, Nigeria · Fintech · refined from filed group “Other” · founded 2016 · https://flutterwave.com
Diligence memoA one-page analyst read on Flutterwave, Inc. — recommendation, valuation, rhythm, risks.→Flutterwave, Inc. has raised $229M over 3 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Flutterwave, Inc. is one of 1063 Fintech companies tracked from SAN FRANCISCO, LA, Nigeria; LA, Nigeria, on record since 2016. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Helping businesses make and accept payments from anywhere in Africa.
At Flutterwave, we are on a mission to build payments infrastructure to connect Africa to the global economy. We do this by building technology, tools, and infrastructure for businesses and banks who want to provide a more seamless and secure payments experience for their customers. Founded in 2016 by a team of African finance and technology veterans from Standard Bank, Angela, PayPal, Google Wallet amongst others. Flutterwave has grown to become one of the fastest growing payments companies in the world. Since inception Flutterwave has processed close to $20 billion in payments and 100 million transactions across over 33 African countries where it currently operates. It has attracted significant investment from experienced Fintech investors such as Ycombinator Continuity Fund (investors in Stripe), Greycroft (investors in Braintree and Venmo), Greenvisor Capital, Omidyar Network, and Glynn Capital amongst others. In 2017 Flutterwave was named Africa’s best fintech company at the Apps Africa Innovation Awards.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.
Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Greenlight Financial Technology, Inc. | Series D+ | $521.5M | $6.4B | 1.17× |
| RISE WEALTH TECHNOLOGIES GmbH | Series D+ | $170.0M | $5.6B | 1.03× |
| Wealthtech Holdings, LLC | Series D+ | $188.5M | $5.3B | 0.97× |
| Flutterwave, Inc. this company | Series D+ | $229.3M | $4.7B | 0.86× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $19.2M | 2017-07-17 | $106.5M | $603.3M | 90% |
| Series B | $15.3M | 2017-07-17 | $85.1M | $482.1M | 90% |
| Series B | $10.0M | 2017-08-01 | $55.6M | $314.8M | 45% |
| Series C | $40.1M | 2020-01-10 | $267.5M | $1.3B | 90% |
| Series D+ | $170.0M | 2021-02-26 | $1.4B | $4.7B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Joe Saunders | — | 2 other | 2017-07 |
| Joseph Saunders | — | 2 other | 2020-01 |
| Will Szczerbiak | — | 2 other | 2020-01 |
| Iyinoluwa Aboyeji | — | 1 other | 2017-07 |
| Olugbenga Agboola | — | 1 other | 2017-07 |
| Adeleke Adekoya | — | — | 2017-07 |
| James M. Reynolds | — | — | 2021-02 |
Flutterwave, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Jeeves Inc. | Fintech | Series D+ | $248.3M | $3.6B | same sector · same stage |
| TA Fintech Inc. | Fintech | Series D+ | $193.0M | $955.3M | same sector · same stage |
| Frubana Inc | Fintech | Series D+ | $275.0M | $358.6M | same sector · same stage |
| Wealthtech Holdings, LLC | Fintech | Series D+ | $188.5M | $5.3B | same sector · same stage |
| RISE WEALTH TECHNOLOGIES GmbH | Fintech | Series D+ | $170.0M | $5.6B | same sector · same stage |
| Heights Management Holdco, LLC | Fintech | Series D+ | $145.2M | $2.7B | same sector · same stage |
| Genco Shipping & Trading Ltd | Fintech | Series D+ | $125.0M | $4.1B | same sector · same stage |
| Taktile | Fintech | Series D+ | $118.8M | $811.9M | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Wave Mobile money app for Africa | Fintech | — | — | 84% |
| Fingo Africa A neobank for Africa's 500 million youth | Fintech | — | — | 78% |
| Sendwave Instant, no fee international remittances. | Fintech | — | — | 77% |
| Touch and Pay Technologies Limited Digitizing and processing Microtransactions in Africa | Fintech | — | — | 77% |
| MarketForce The SuperApp for neighbourhood merchants in Africa. | Fintech | Seed | $12.3M | 76% |
| Floatpays Inc SA fintech startup Floatpays raises $4m seed funding round for African expansion 0 By Tom Jackson on January 26, 2022 News , Southern Africa South African on-demand pay provider Floatpays has secured just under US$4 million in an oversubscribed seed funding round to help it expand across Africa. Founded in 2019 and a participant in the S21 cohort of the Silicon Valley-based Y Combinator accelerator , Floatpays is a technology platform that enables on-demand access to pay, seamless savings functionality and financial education to build employee financial wellness. | Fintech | Seed | $65.8M | 76% |
| Paystack, Inc. Modern payments infrastructure for Africa | Fintech | Series A | $292.6M | 76% |
| Spring in Africa Investing in innovation | Fintech | — | — | 76% |
See where Flutterwave, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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