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African fintech Flutterwave triples valuation to over $3B after $250M Series D
AAF Management Ltd. Fund I portfolio company Flutterwave has raised $250M in a Series D round that tripled the company’s valuation to over $3B in just twelve months.
Its latest backers in this Series D round include lead investor B Capital Group and participating investors Alta Park Capital, Whale Rock Capital, and Lux Capital. Existing investors such as Avenir Growth, Tiger Global, Glynn Capital, Green Visor and Salesforce Ventures also doubled down. Stating why his firm invested, Matt Levinson, partner at B Capital, in a statement, said, “Flutterwave may ultimately build one of the most consequential fintech businesses in the world, enabling hundreds of thousands of merchants to transact online and connect Africa to the global economy.”
At $3B, Flutterwave is currently the highest valued African startup.
AAF Management Ltd.
AAF Management Ltd. (AAF) is a leading early stage venture capital firm focused on Pre-Seed, Seed and Series A stage technology companies in North America.
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