Flutterwave says it has now processed more than one billion transactions and facilitated over $40 billion in total payment value since inception, marking a significant scale milestone for the African payments company.
Founder and Chief Executive Officer Olugbenga Agboola disclosed the figures in a recent blog post reviewing the company’s performance and expansion over the past year, attributing the growth to rising adoption of local payment methods across its operating markets.
According to Agboola, wallet-based collections recorded a 289% increase in transaction volume over the past year, while bank transfer transactions rose by 184%. He said the trend underscores the accelerating shift toward digital payment infrastructure across Africa’s expanding digital economy, where mobile wallets and bank transfers are becoming increasingly dominant for both consumers and businesses.
Global Growth
Flutterwave also noted that it now supports payments in more than 50 global currencies, spanning Africa, Europe, Asia, the Middle East, and North America. The company said this multi-currency capability is central to its strategy of enabling seamless cross-border commerce for businesses operating across multiple jurisdictions.
As part of its expansion strategy, the fintech secured new operating licences in Senegal, Zambia, and Cameroon, strengthening its regulatory presence across the continent and widening its addressable market.
The company further highlighted strategic partnerships with Circle and Polygon to integrate stablecoin functionality into its payments infrastructure. The move is aimed at improving cross-border settlement efficiency and reducing friction for businesses operating in multiple markets.
Agboola said these additional capabilities are designed to help companies scale faster and expand into new regions with greater confidence, particularly in markets where traditional settlement systems remain fragmented or costly.
Beyond operational milestones, Flutterwave also announced internal workforce updates, reporting that more than 100 employees were promoted during its latest review cycle. The company further introduced a one-time economic relief payment for staff globally, along with targeted support measures for Nigerian employees.
“In Nigeria, where recent tax regulation changes have uniquely impacted take-home pay, we have introduced specific tax adjustment support alongside cost-of-living updates for all eligible employees,” Agboola said. “These decisions are intentional. True leadership is about balancing fiscal discipline with protecting our people through tough times.”
The developments highlight Flutterwave’s continued push to scale its infrastructure while navigating macroeconomic pressures across key African markets.
