Flutterwave’s $170 Million Series C Funding Round

Pillsbury Winthrop Shaw Pittman LLP advised Flutterwave on the deal.

Flutterwave, Africa’s leading payments technology company, announced a $170 million Series C funding round.

Founded in 2016, San Francisco-based Flutterwave is one of only a very small number of African fintech companies to have raised significant funds in a period of widespread disruption and economic uncertainty. The company is valued at more than $1 billion. This funding round brings its total investment to $225 million.

The new funds will allow Flutterwave to execute an ambitious growth strategy in becoming a leading global payments company. Flutterwave will invest the new capital to accelerate customer acquisition in existing and international markets, as well as develop complementary and innovative products.

The Pillsbury team was led by Northern Virginia Corporate partner Steve Kaplan (Picture) and included senior associates Lindsey Livingston, Lola Longe and associates Ian Carlin and Jessie Friend.

Involved fees earner: Ian Carlin – Pillsbury Winthrop Shaw Pittman LLP; Jessie Friend – Pillsbury Winthrop Shaw Pittman LLP; Steven Kaplan – Pillsbury Winthrop Shaw Pittman LLP; Lindsey Livingston – Pillsbury Winthrop Shaw Pittman LLP; Lola Longe – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP;

Clients: Flutterwave;

Author: Martina Bellini