Home Business Unstoppable! Flutterwave’s 2024 Report Shows Massive Gains

Unstoppable! Flutterwave’s 2024 Report Shows Massive Gains

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Flutterwave
Flutterwave

Unstoppable! Flutterwave’s 2024 Report Shows Massive Gains

Flutterwave, being the vanguard of fintech on the continent, recently published the 2024 end-of-year report, highlighting great accomplishments in global expansion, technology innovation, and customer success.

The report shows not only that Flutterwave is a player in the global payments technology industry but also that it is well on its way to establishing its ever-growing influence and impact.

Flutterwave
Flutterwave

Being founded in 2016, Flutterwave has metamorphosed into a leader for African enterprise payments, having processed over 630 million transactions valued at $31 billion to date.

The 2024 report enumerated the company’s drive to expand on the global scene, enhance technological capabilities, and create a veritable blast to businesses around the world.

Flutterwave
Flutterwave

Global Expansion and Market Reach

Expansion into the global market occurred through much more with Flutterwave in the year 2024, where 48% of businesses on the platform received payments from the new geographical location, which was a growth of around 12% from 2023. The company extended its operations to Rwanda, Ghana, Uganda, Zambia, and Mozambique, bringing its presence to over 35 countries. Furthermore, Flutterwave now supports more than 150 currencies, thus easing cross-border transactions for its users.

In the United States, Flutterwave made great strides in obtaining 31 Money Transfer Licenses and sending out its Send App in the 49 states. All these developments have improved its conduit and reach to serve the African diaspora and global customers further.

Flutterwave
Flutterwave

Technological Breakthroughs

Innovative technological advancement is the reason the innovation of Flutterwave maintains. From the onset to date, card velocity was improved by five times, detection of fraud was considerably amped up, and hundreds of thousands were saved in card processing fees. The introduction of Direct Debit was also a big win on Flutterwave’s plate for Nigeria.

Flutterwave
Flutterwave

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