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The startup, which has offices in Lagos, Nigeria and San Francisco, recently held discussions with potential investors, the people said. Led by CEO Olugbenga Agboola, the company in March said it had achieved unicorn status after raising $170m in a round led by Avenir and Tiger Global.
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Flutterwave has said it facilitates cross-border transactions across Africa for companies including Facebook Inc., Uber Technologies Inc. and Booking.com. As of March, the startup said it had processed more than 140 million transactions worth over $9 billion in aggregate and that its revenue had risen at a compound annual growth rate of 225% between 2018 and 2020.
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