Diligence memo · auto-generated · as of July 2, 2026
Flutterwave, Inc.
Flutterwave, Inc. has raised $229M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Flutterwave, Inc. operates in Fintech, based in SAN FRANCISCO, LA, Nigeria; LA, Nigeria. Helping businesses make and accept payments from anywhere in Africa.
Sub-sector tags: Fintech, fintech.
Capital & rounds (filed)filed
Flutterwave, Inc. has raised $229M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $170M on 2021-02-26.
Most recent recorded round closed around 2021-02-26.
Valuation (modeled)modeled
Provath models Flutterwave, Inc. at approximately $4.7B (range $925M–$9.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 5.3 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 4.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Fintech peers (1063 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Greenlight Financial Technology, Inc., RISE WEALTH TECHNOLOGIES GmbH, Wealthtech Holdings, LLC.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.