Africa’s digital economic system is price greater than $180 billion, but shifting cash throughout the continent stays certainly one of its largest friction factors. Funds throughout the continent is fragmented as every nation has its personal currencies, licensing necessities, cell cash methods, and regulators.
Flutterwave’s playbook on cross-border funds, offered at Moonshot by Flutterwave’s Assistant Vice President, International Growth & Funds Partnership, Gabriel Ologunwa, explored how this fragmentation creates each challenges and alternatives.
The corporate pointed to a $1 trillion untapped marketplace for digital funds and $96.4 billion in annual remittances as proof of the size ready to be unlocked provided that fee methods inside the continent may align and work collectively.
This presents a problem for fintechs who intend to develop throughout the continent. To navigate Africa’s various fee rails, these startups should combine individually with banks, and card networks in every market, handle risky overseas trade charges and meet totally different licensing requirements. Flutterwave’s mannequin collapses these obstacles by a unified utility programming interface (API) that connects companies to native fee infrastructure throughout Africa.
The corporate now holds regulatory protection in 34 African nations and licenses in the USA, United Kingdom, European Union, Canada, and India, permitting it to function seamlessly throughout jurisdictions. These licenses embrace Nigeria’s Switching & Processing License, South Africa’s Third-Occasion Cost Processor License, Egypt’s Cost Service Supplier, the Cost System License in Tanzania and Zambia, amongst others.
Its impression reveals up in how international manufacturers now scale in Africa.
European fintech Norafirst used Flutterwave’s API to entry 20+ markets, rising transactions by 300% in six months. Purchase now, pay later agency, FuturePay, built-in native fee choices and noticed cart completion rise 60%.
Within the first half of 2025 alone, Flutterwave processed $1 billion for East Asian retailers and grew its digital accounts quantity by 198% year-on-year. Launched in 2016 as a Nigerian and US-based funds firm, Flutterwave was valued at $3 billion and had processed over 200 million transactions as at 2022.
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