Nigerian fintech Flutterwave to expand to North Africa after raising $170m

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Payments processing company Flutterwave plans to expand to North Africa. The company will extend its payments network to Egypt, Morocco and Tunisia and will be live there by the middle of the second quarter. It might set up a physical presence in those countries and wants to expand into francophone Africa.

Flutterwave says it has raised $170m from a Series C fundraising which values it at over $1bn, so qualifying it for “unicorn” status.

Source : The Africa Report

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