Committed to solving business-related difficulties, Africa's most valuable startup Flutterwave has announced its version 3.0, a rebuilding that changes its logo, adding Apple and Google pay to its payment options and comes with a feature tagged Flutterwave Capital. Allowing merchants to take credit loans to finance their businesses.
Studies have shown that over 80% of new businesses in the Nigeria startup ecosystem fail due to funding, while 20% barely survive this harsh reality. Most difficulties arise from investors demanding a good amount of customer activities before offering any form of investment or partnership deals. Flutterwave Capital would provide business owners with accessible and affordable funds. In addition, set up a proper repayment plan that would best suit users. This new feature is opened solely to Nigerian-based businesses for now. The company also offers debit cards enabling fast and easy transactions, promoting digital finance in Africa.
Launched in 2020, making the TIME's influential list as the only African firm in 2021, becoming the most valuable African startup in 2022 valued at over $3 billion, the Nigerian startup is gradually evolving into a significant player in Africa the globe. Influencing the continent's FinTech marketplace with its cross-border payment and other financial services.
Nigeria in focus:
Population: 206.1 million in 2020 as compared to 201 million in 2019
GDP: $432.3 billion compared to $448.1 billion in 2019
GDP per capita: $2,097 in 2020 compared to $2,229 in 2019