Flutterwave Named Among Top 100 Global Cross-Border Payment Companies: A Testament to African Fintech Excellence

In a significant milestone for African fintech, Flutterwave has been recognized as one of the Top 100 Cross-Border Payment Companies by FXC Intelligence. This accolade underscores the company’s pivotal role in revolutionizing digital payments across Africa and beyond.

A Decade of Innovation and Growth

Founded in 2016, Flutterwave has rapidly ascended to become a leading payment technology company in Africa. With a mission to simplify payments for endless possibilities, the company has developed a robust infrastructure that enables businesses to make and accept payments across various channels. As of 2024, Flutterwave has processed over 890 million transactions, amounting to $34 billion in value.

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Expanding Global Footprint

Flutterwave’s inclusion in the Top 100 list is a reflection of its strategic expansion and commitment to facilitating seamless cross-border transactions. In 2024, the company extended its operations to Rwanda, Ghana, Uganda, Zambia, and Mozambique, bringing its total presence to over 35 countries. Notably, nearly 50% of businesses on Flutterwave’s platform received payments from new geographic locations, highlighting the company’s growing global reach.

Technological Advancements Driving Success

At the core of Flutterwave’s success is its continuous investment in technology. The company has significantly enhanced its infrastructure to improve transaction speeds and reliability. In 2024, Flutterwave improved card velocity by five times, boosting fraud detection capabilities and saving substantial amounts in processing fees. Additionally, the introduction of Direct Debit in Nigeria marked a shift toward account-based payments, offering customers more flexibility and convenience.

Recognition and Accolades

Flutterwave’s innovative approach and impact have not gone unnoticed. In 2024, the company was named Fast Company’s Most Innovative Company for the Europe, Middle East, and Africa region. Furthermore, Flutterwave earned a spot on CNBC’s Disruptor 50 list, joining the ranks of companies that are transforming industries and challenging the status quo.

Empowering Businesses and Consumers

Beyond its technological achievements, Flutterwave is committed to empowering businesses and consumers. The company’s Send App has been instrumental in facilitating affordable cross-border remittances, particularly benefiting the African diaspora. In 2024, the Send App expanded its services to Malawi, enabling users to send money seamlessly to the country.

Looking Ahead

As Flutterwave continues to scale new heights, its recognition as a top cross-border payment company serves as a testament to its dedication to innovation, excellence, and financial inclusion. With plans to launch a next-generation API and further expand its services, Flutterwave is poised to play an even more significant role in shaping the future of digital payments globally.