Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.
The investment is part of a broader strategy by global development finance institutions - including Denmark's IFDK and the Dutch FMO - to use blended finance to plug Africa's early-stage climate funding gap.
The Amsterdam and South Africa-based startup, spun out of communications app Talk360, is bringing European-style payment orchestration to the African mid-market.
The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.
The VB Facility will deliver pre- and post-investment support to startups operating in sectors including distributed solar, energy efficiency, electric mobility, agritech and circular economy solutions.
In the weeks following Nigeria and Ghana’s festive travel season — the period known locally as Detty December — a wave of chargebacks was filed in January 2025, predominantly initiated from abroad.
Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.
In Morocco, three startups are all targeting the same 126,000 independent retailers. Backed by Morocco's largest bank, its royal family holding company, and a South African insurer, the race is now about who locks in the merchant first.
