Flutterwave surpasses 1 billion transactions, processes over $40 billion in payments

African fintech giant Flutterwave said it has processed more than one billion transactions and moved over $40 billion in total payment value since inception.

Flutterwave Founder and CEO, Olugbenga Agboola, disclosed this in a blog post reflecting on the company’s performance and expansion over the past year.

According to Agboola, the company’s growth was driven by increasing adoption of local payment methods by businesses and consumers across its markets.

What the Flutterwave founder is saying

Agboola revealed that wallet-based collections recorded a 289% increase in transaction count over the past year, while the value of bank transfer transactions rose by 184%.

The figures highlight the increasing importance of digital payment infrastructure in Africa’s rapidly expanding digital economy, where bank transfers and mobile wallets continue to gain traction among consumers and businesses.

• “Flutterwave has now processed more than 1 billion transactions and moved over $40 billion in total payment value. This foundation allowed us to achieve incredible momentum over the past year,” Agboola stated.

Agboola disclosed that Flutterwave now supports payments in more than 50 global currencies across Africa, Europe, Asia, the Middle East, and North America.

The company also secured new operating licences in Senegal, Zambia, and Cameroon during the year, expanding its regulatory footprint across the continent.

In addition, Flutterwave strengthened its partnerships with Circle and Polygon to integrate stablecoin capabilities into its payments infrastructure, a move aimed at improving cross-border settlement services for businesses operating across multiple markets.

According to Agboola, the additional capabilities will help companies scale faster and expand into new markets with greater confidence.

More insights 

Alongside the business milestones, Flutterwave disclosed that more than 100 employees were promoted during its latest review cycle.

The company also announced a one-time economic relief payment for employees globally, with special incentive for Nigerian employees.

• “In Nigeria, where recent tax regulation changes have uniquely impacted take-home pay, we have introduced specific tax adjustment support alongside cost-of-living updates for all eligible employees,” Agboola disclosed.
• “These decisions are intentional. True leadership is about balancing fiscal discipline with protecting our people through tough times,” he added.

Agboola said the company’s achievements were made possible by the resilience and dedication of its workforce, adding that Flutterwave remains committed to sharing the benefits of growth with the people helping to build the business.

What you should know 

To consolidate its growing influence in the payment ecosystem, Flutterwave in January this year acquired Nigerian open banking startup Mono in an all-stock transaction.

The acquisition brought together two major fintech infrastructure players as Flutterwave looks to strengthen its payments stack with open banking, data, and identity capabilities.

• Under the deal, Mono will continue to operate as an independent product, with no changes to its leadership or operations.
• Flutterwave disclosed that Mono’s platform provides secure access to financial data, identity verification, and account-to-account payment services—capabilities increasingly seen as critical as African markets move toward authenticated and bank-based payment methods.

Speaking on the acquisition, Flutterwave’s Founder and CEO, Olugbenga ‘GB’ Agboola, said the deal reflects the company’s long-term view of Africa’s financial infrastructure.

African fintech giant Flutterwave said it has processed more than one billion transactions and moved over $40 billion in total payment value since inception.

Flutterwave Founder and CEO, Olugbenga Agboola, disclosed this in a blog post reflecting on the company’s performance and expansion over the past year.

According to Agboola, the company’s growth was driven by increasing adoption of local payment methods by businesses and consumers across its markets.

What the Flutterwave founder is saying

Agboola revealed that wallet-based collections recorded a 289% increase in transaction count over the past year, while the value of bank transfer transactions rose by 184%.

The figures highlight the increasing importance of digital payment infrastructure in Africa’s rapidly expanding digital economy, where bank transfers and mobile wallets continue to gain traction among consumers and businesses.

• “Flutterwave has now processed more than 1 billion transactions and moved over $40 billion in total payment value. This foundation allowed us to achieve incredible momentum over the past year,” Agboola stated.

Agboola disclosed that Flutterwave now supports payments in more than 50 global currencies across Africa, Europe, Asia, the Middle East, and North America.

The company also secured new operating licences in Senegal, Zambia, and Cameroon during the year, expanding its regulatory footprint across the continent.

In addition, Flutterwave strengthened its partnerships with Circle and Polygon to integrate stablecoin capabilities into its payments infrastructure, a move aimed at improving cross-border settlement services for businesses operating across multiple markets.

According to Agboola, the additional capabilities will help companies scale faster and expand into new markets with greater confidence.

More insights 

Alongside the business milestones, Flutterwave disclosed that more than 100 employees were promoted during its latest review cycle.

The company also announced a one-time economic relief payment for employees globally, with special incentive for Nigerian employees.

• “In Nigeria, where recent tax regulation changes have uniquely impacted take-home pay, we have introduced specific tax adjustment support alongside cost-of-living updates for all eligible employees,” Agboola disclosed.
• “These decisions are intentional. True leadership is about balancing fiscal discipline with protecting our people through tough times,” he added.

Agboola said the company’s achievements were made possible by the resilience and dedication of its workforce, adding that Flutterwave remains committed to sharing the benefits of growth with the people helping to build the business.

What you should know 

To consolidate its growing influence in the payment ecosystem, Flutterwave in January this year acquired Nigerian open banking startup Mono in an all-stock transaction.

The acquisition brought together two major fintech infrastructure players as Flutterwave looks to strengthen its payments stack with open banking, data, and identity capabilities.

• Under the deal, Mono will continue to operate as an independent product, with no changes to its leadership or operations.
• Flutterwave disclosed that Mono’s platform provides secure access to financial data, identity verification, and account-to-account payment services—capabilities increasingly seen as critical as African markets move toward authenticated and bank-based payment methods.

Speaking on the acquisition, Flutterwave’s Founder and CEO, Olugbenga ‘GB’ Agboola, said the deal reflects the company’s long-term view of Africa’s financial infrastructure.