Latest news with #Flutterwave
Straits Times
30-07-2025
- Business
- Straits Times
The promise and the perils of stablecoins
They have the potential to meet real financial needs. But they can do this only if regulations are robust enough to protect users and ring-fence issuers. The list of potential stablecoin issuers is expanding beyond the incumbents such as Tether Holdings, Circle and MakerDAO. These days, millions of overseas Filipino workers send money home using stablecoins – digital currencies pegged one for one to major fiat currencies like the US dollar, which gives them a stable value – through fintech apps such as and PDAX. The recipients instantly convert these funds into Philippine pesos via local e-wallets, at a fraction of the cost of traditional remittance services. In Nigeria, platforms like Chipper Cash and Flutterwave enable users to bypass unreliable local banks, receive stablecoin remittances and access US dollar equivalent funds, despite currency instability at home. From Asia to Africa to Latin America, stablecoins are no longer a tech curiosity. They are emerging as a lifeline, a disruptor and the new gold standard for global money transfers.
Finextra
03-07-2025
- Business
- Finextra
Flutterwave relaunches Send App in the US
Flutterwave has relaunched its Send App in the United States with improved features. The Send App Flutterwave US relaunch expands money transfer options across Africa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Flutterwave, Africa's leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across US states following its newly acquired Money Transmitter Licenses (MTLs). This comes after Flutterwave secured 20 additional MTLs in the US, adding to the 14 licenses the brand has held since 2023. Altogether, this achievement raises Flutterwave's total number of direct licenses to 34, allowing the company to operate across many US states and territories without partners or intermediaries. Users in the US can now send money to Nigeria, Ghana, and Egypt, unlocking new remittance corridors that were previously unavailable. Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started. Additional improvements include optimized payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience. The Send App Flutterwave US relaunch is part of the company's strategy to simplify global payments for African diaspora communities. This return also highlights Flutterwave's commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the US. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee. Other US states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming. Commenting on the relaunch, Olugbenga 'GB' Agboola, Flutterwave Founder and CEO, said: 'By expanding our reach and enhancing our services, we are empowering millions of Africans in the US to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.' Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana. With the Send App Flutterwave US now live, users in America can send money more efficiently to friends and family in Africa.
Mid East Info
30-06-2025
- Business
- Mid East Info
Flutterwave Named to TIME100 Most Influential Companies List for Second Time, Highlighting Global Payments Influence
Africa's leading payments technology company returns to this global list after its 2021 debut. Flutterwave, Africa's leading payment technology company, has been named among the TIME100 Most Influential Companies List of 2025. This marks the second time the company has received this prestigious global honor. Flutterwave joins global leaders such as Amazon, Berkshire Hathaway, Netflix, OpenAI, Universal Music Group, and others in the list's TITANS category. TIME reveals the fifth-annual TIME100 Most Influential Companies list, highlighting companies making an extraordinary impact around the world today. To assemble the list, TIME solicited nominations across sectors, and polled its global network of contributors and correspondents, as well as outside experts. Then TIME editors evaluated each on key factors, including impact, innovation, ambition, and success. The result is a diverse group of 105 businesses helping chart an essential path forward. Founded in 2016, Flutterwave was first included on the TIME100 list in 2021. This followed a historic campaign that helped thousands of businesses impacted by the COVID-19 pandemic to sell online. Its 2025 return testifies to the company's ongoing influence as a fintech leader, transforming payments across Africa and beyond. The company has remained committed to connecting Africa through seamless payments. It empowers individuals and businesses to thrive in the digital economy. Today, its solutions power growth across diverse sectors. These include cross-border remittance, e-commerce, travel, payroll, and hospitality. Flutterwave Founder and CEO, Olugbenga 'GB' Agboola, commented on the recognition: 'Being recognized by TIME once again is a true honor. It's a testament to our team's incredible work. We've moved from building infrastructure to enabling global-scale solutions. Flutterwave today isn't just powering payments; we're shaping Africa's financial future and connecting the continent to the world.' In the past year, Flutterwave significantly expanded its global presence. The company now has technology reach in over 34 African countries. Nearly fifty percent of its customers received payments in new markets in 2024. Additionally, it launched operations in new markets such as Bahrain, Turkey, and Saudi Arabia for a leading global ride-hailing giant to expand in those countries. This positions Flutterwave as one of the few African fintech companies with such extensive technology reach. Additionally, the company's flagship remittance product, SendApp by Flutterwave, has scaled rapidly across the US, UK, and the EU. It creates faster, more affordable ways for Africans in the diaspora to send money to family and friends back home. Notably, Send App received 20 additional licenses in the US, now holding 34 such licenses across the country. This, combined with partnerships, gave the brand near-complete US coverage. The company also built a strengthened executive team. It recently introduced a focused growth strategy centered on profitability and continued market penetration and expansion. This TIME's 2025 list follows a wave of recent global and regional accolades. Notably, Flutterwave ranked first on Fast Company's 2024 Most Innovative Companies list for Europe, the Middle East, and Africa. Earlier this year, it was recognized for the second consecutive year in the FXC Top 100 Cross-Border Payment Companies.
Business Insider
27-06-2025
- Business
- Business Insider
See the 3 African unicorns that made TIME's 100 Most Influential Companies, list
Three African tech powerhouses, Nigeria's Moniepoint and Flutterwave, and South Africa's digital bank Tyme, have been chosen for TIME magazine's 2025 list of the 100 Most Influential Companies, a watershed moment for the continent's rapidly expanding fintech industry. Nigeria's Moniepoint and Flutterwave, alongside South Africa's Tyme, appeared in TIME magazine's 2025 list of the 100 Most Influential Companies. Moniepoint was recognized for aiding Nigeria's informal businesses in accessing formal economic tools, enhancing financial inclusion. Flutterwave's innovations facilitate cross-border digital payments and expand economic connectivity effectively in Africa. TIME's prestigious annual list, now in its fifth year, recognizes 100 firms across the world that are making outstanding contributions to their sectors. Moniepoint Inc Nigeria's Moniepoint Inc. was listed in the Leaders category with Hyundai, GoFundMe, and LinkedIn. With 90% of Nigeria's 40 million small and medium-sized firms still functioning in the informal sector, Moniepoint has played an important role in assisting these businesses to shift to legal structures. The company provides comprehensive banking solutions that enable informal enterprises to transition away from cash transactions, obtain loans, and grow sustainably. 'For us, 'financial inclusion' isn't just a buzzword, it's the difference between survival and growth,' says CEO and cofounder Tosin Eniolorunda Moniepoint secured its reputation as one of Africa's most valuable fintechs in October 2024, receiving $110 million in equity funding and driving it into unicorn territory. Flutterwave Flutterwave, another Nigerian financial success story, was recognized in the Titans category with global behemoths like Meta, Amazon, and OpenAI. The company has transformed digital payments in Africa, providing vital infrastructure for businesses to send and receive money easily across borders. In 2024, the Nigerian firm, currently valued at $3 billion, extended its money transfer services to all U.S. states except Texas through its Send App, which, according to the business, completes almost all (98%) transactions in three minutes. Digital payment solutions for businesses in Saudi Arabia and Turkey were also introduced by Flutterwave. 'I wish it was boring, we're here for the long game,' Agboola, the company's CEO, stated. Tyme Tyme, a company that operates in South Africa, joined the Pioneers category among innovators such as SpaceX and Equinor. Tyme became one of Africa's newest unicorns in December 2024, when it raised $250 million in a Series D fundraising round. Meeting underbanked people where they are has been the driving force behind Tyme Group's unique multi-country development trajectory. The Singapore-based digital bank now serves around 17.5 million retail customers in South Africa and the Philippines.
Business Insider
27-06-2025
- Business
- Business Insider
See the 3 African unicorns that made TIME's 100 Most Influential Comapnies, list
Three African tech powerhouses, Nigeria's Moniepoint and Flutterwave, and South Africa's digital bank Tyme, have been chosen for TIME magazine's 2025 list of the 100 Most Influential Companies, a watershed moment for the continent's rapidly expanding fintech industry. Nigeria's Moniepoint and Flutterwave, alongside South Africa's Tyme, appeared in TIME magazine's 2025 list of the 100 Most Influential Companies. Moniepoint was recognized for aiding Nigeria's informal businesses in accessing formal economic tools, enhancing financial inclusion. Flutterwave's innovations facilitate cross-border digital payments and expand economic connectivity effectively in Africa. TIME's prestigious annual list, now in its fifth year, recognizes 100 firms across the world that are making outstanding contributions to their sectors. Moniepoint Inc Nigeria's Moniepoint Inc. was listed in the Leaders category with Hyundai, GoFundMe, and LinkedIn. With 90% of Nigeria's 40 million small and medium-sized firms still functioning in the informal sector, Moniepoint has played an important role in assisting these businesses to shift to legal structures. The company provides comprehensive banking solutions that enable informal enterprises to transition away from cash transactions, obtain loans, and grow sustainably. 'For us, 'financial inclusion' isn't just a buzzword, it's the difference between survival and growth,' says CEO and cofounder Tosin Eniolorunda Moniepoint secured its reputation as one of Africa's most valuable fintechs in October 2024, receiving $110 million in equity funding and driving it into unicorn territory. Flutterwave Flutterwave, another Nigerian financial success story, was recognized in the Titans category with global behemoths like Meta, Amazon, and OpenAI. The company has transformed digital payments in Africa, providing vital infrastructure for businesses to send and receive money easily across borders. In 2024, the Nigerian firm, currently valued at $3 billion, extended its money transfer services to all U.S. states except Texas through its Send App, which, according to the business, completes almost all (98%) transactions in three minutes. Digital payment solutions for businesses in Saudi Arabia and Turkey were also introduced by Flutterwave. 'I wish it was boring, we're here for the long game,' Agboola, the company's CEO, stated. Tyme Tyme, a company that operates in South Africa, joined the Pioneers category among innovators such as SpaceX and Equinor. Tyme became one of Africa's newest unicorns in December 2024, when it raised $250 million in a Series D fundraising round. Meeting underbanked people where they are has been the driving force behind Tyme Group's unique multi-country development trajectory. The Singapore-based digital bank now serves around 17.5 million retail customers in South Africa and the Philippines. 'You can walk into a grocery store in South Africa and open a bank account with us in under three minutes,' says Chief Growth Officer Rachel Freeman.
