Flutterwave Fuels African Economic Growth through Strategic Collaborations and Cutting-Edge Solutions

Flutterwave, Africa’s pioneering payments technology company, has made remarkable strides in its mission to transform the continent’s financial ecosystem and empower businesses across the spectrum. By forging strategic partnerships and developing innovative solutions, Flutterwave is enabling African enterprises to flourish domestically and globally.

A notable example of Flutterwave’s collaborative efforts is its partnership with Acquired.com, which aims to enhance the user experience for its flagship remittance product, Send AppApp. By leveraging Acquired.com’s payment processing expertise, Flutterwave has optimized the process for U.K. and E.U. cardholders sending money to Africa, offering faster, more secure, and frictionless transactions. This collaboration has been crucial in streamlining the customer journey through customized analysis, recommendations, and intelligent BIN routing.

Flutterwave’s relentless pursuit of innovation has not gone unnoticed, as it was named Fast Company’s Most Innovative Company for Europe, the Middle East, and Africa in 2024. This accolade is a testament to the company’s unwavering commitment to infusing innovation across all aspects of its operations, from expanding Africa’s most extensive payment network to creating solutions that simplify payments, currency exchanges, e-commerce, and remittances for businesses and individuals alike.

To further support the growth and expansion of multinationals across Africa, Flutterwave has introduced state-of-the-art solutions for payouts and collections. These solutions empower global enterprises to collect and disburse funds in multiple currencies while providing the flexibility to move money around seamlessly and seize investment opportunities promptly. Flutterwave’s collaboration with Microsoft to scale its payment solutions on Azure has also contributed to enhanced efficiency in its engineering and product development processes.

Flutterwave’s impact extends beyond large corporations, as demonstrated by its partnership with Token.io, which enables open banking for its U.K. and E.U. customers and connects African businesses with millions of global customers. The company has also expanded the reach of its remittance solution, Send AppApp, to Canada and the U.S. while integrating mobile money and cash pickups in selected destinations, allowing Africans to receive remittances through their preferred cash withdrawal method.

In a groundbreaking five-year strategic technology partnership, Microsoft and Flutterwave have united to accelerate payment innovation in Africa and support the growth of small and medium-sized enterprises (SMEs) across the continent. By transitioning to Microsoft Azure, Flutterwave aims to process high-volume payments at scale, ensuring its clients a seamless and secure payment experience. This collaboration also enables Flutterwave to scale its product offering to millions of merchants worldwide through Azure OpenAI Service.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, expressed his enthusiasm for the partnership with Microsoft, stating, “We’re honored that Microsoft believes in our vision and trusts our capability. I am proud to say we’re not just dreaming of an inclusive digital Africa but creating it.”

As Flutterwave continues to spearhead digital financial inclusion and empower African businesses, its strategic collaborations and cutting-edge solutions are set to transform the continent’s economic landscape. Flutterwave is paving the way for a thriving and resilient African economy by simplifying payments and connecting enterprises to global opportunities.