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Flutterwave, the $1 billion fintech firm created by Nigerian-born Silicon Valley enthusiast Olugbenga Agboola, has announced a new alliance with PayPal, the digital payment solutions provider.
Flutterwave’s Head of Branding and Storytelling, Yewande Akomolafe-Kalu, said in a statement on Tuesday that the new collaboration helps African companies and people residing on the continent to accept payments from PayPal users worldwide via Flutterwave.
“It is going to change everything, it is going to make African businesses into global businesses,” she added.
The company explained that Flutterwave’s integration with PayPal is live and operational across 50 African countries and worldwide, adding that Flutterwave’s merchants in Kenya, South Africa, Egypt, Morocco, Mauritius, Malawi, Mozambique and Senegal are also able to easily accept payments from PayPal users worldwide.
Launched in 2016 by Agboola, popularly known as GB, Flutterwave, with its operational head office in Lagos and its corporate headquarters in San Francisco, the company rapidly grew within a short time, leaving many to wonder about the vast opportunities that abound in the fintech ecosystem in Nigeria.
Flutterwave recently clinched a $170m grant, raising the fortunes of the company to over $1bn within a space of less than five years. The company helps businesses build customisable payments applications through its Application Programming Interface.