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Portfolio company Flutterwave was granted its South African Reserve Bank license to operate in the country in April, and is set to launch its online product, with events scheduled for Johannesburg, Pretoria and Cape Town.
South Africa thereby becomes the ninth African country in which Flutterwave has a presence, following launches in Zambia, Kenya, Tanzania, Cameroon, Ghana, Nigeria, Rwanda and Sierra Leone. The payments platform claims to have processed over $2.5 billion, for clients such as Uber, Facebook and Transferwise, among others. Its online product (RAVE) addresses the challenge of fragmented payments infrastructure on the African continent by providing a solution which allows multiple payment channels to be made and received via a single integration. This is in line with its mission to, “inspire a new wave of prosperity across Africa by building payments infrastructure to connect Africa to the global economy,” as said by the startup.
https://www.itweb.co.za/content/PmxVE7KX2y8MQY85/EJOlx4zMkZ756kmW
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