LAGOS, June 1 – Africa’s most valuable financial-technology unicorn, Flutterwave has crossed a major milestone, processing more than one billion transactions and facilitating over $40 billion in total payment value since its launch.
The figures were disclosed by Olugbenga Agboola, who highlighted the company’s growing role in supporting digital commerce and financial transactions across Africa and international markets.
According to Agboola, increased adoption of local payment methods by businesses and consumers has been a major driver of growth over the past year.
The company reported significant expansion in digital payment activity, particularly across mobile wallet and bank transfer channels.
Transaction volumes through digital wallets increased by 289% during the period, while the value of payments conducted through bank transfers rose by 184%, reflecting continued shifts toward electronic payment solutions across African economies.
The growth underscores the rapid expansion of Africa’s digital economy, where consumers and businesses are increasingly embracing cashless payment systems for everyday transactions and cross-border commerce.
Flutterwave now supports payments in more than 50 currencies, enabling businesses to accept and make payments across Africa, Europe, Asia, North America and the Middle East.
The company also expanded its regulatory presence during the year after securing new operating licences in Senegal, Zambia and Cameroon, strengthening its footprint across key African markets.
As part of its broader product strategy, Flutterwave deepened partnerships with blockchain infrastructure providers Circle and Polygon to incorporate stablecoin-based payment capabilities into its ecosystem.
The move is intended to improve cross-border settlements and provide businesses with additional tools for international expansion.
Management says the enhanced infrastructure will help merchants scale operations more efficiently while reducing friction associated with cross-border payments.
Beyond business performance, Flutterwave also announced internal workforce initiatives aimed at supporting employees.
The company disclosed that more than 100 employees received promotions during its latest performance review cycle.
In addition, Flutterwave introduced a one-time economic support payment for employees globally, alongside targeted assistance for staff in Nigeria to offset the impact of recent tax and cost-of-living pressures.
According to Agboola, the company remains focused on balancing financial discipline with employee welfare as it continues to scale operations.
The latest milestones reinforce Flutterwave’s position as one of Africa’s largest fintech companies and highlight the growing importance of digital payment infrastructure in facilitating commerce, financial inclusion and economic activity across the continent.
