Fresh from raising $250 million in a Series D funding round, Flutterwave held a virtual event – Flutterwave 3.0 – on Friday 18 2022 where it unveiled a new brand logo and new products – Fintech-as-a-service, Flutterwave Capital.
Flutterwave Fintech As A Service.
Fintech As A Service (FaaS) allows you to embed financial services into your product in minutes. Flutterwave has built an infrastructure and is opening up this infrastructure to allow other companies embed fintech services into their apps, products and services.
This saves these companies the stress of building their own infrastructure, licensing and compliance such that they can literally start providing their services in a matter of hours.
Flutterwave’s FaaS service provides a unified tech platform that includes KYC, account opening, debit card issuance, payments, account servicing, compliance and high-level security
FaaS is currently available only in Nigeria, but will be released in other markets in the near future.
Flutterwave Capital
Flutterwave Capital provides a business lending marketplace to support Flutterwave’s merchants in growing their businesses. To provide this service, Flutterwave entered into partnership with some lending partners—CashConnect Microfinance Bank, MoneyWise Microfinance Bank, Wema Bank, Zenith Bank, Stanbic IBTC Bank and Sterling Bank.
With Flutterwave Capital, Flutterwave businesses can easily access loans without collateral, cumbersome documentation and other stringent terms and conditions. Getting loans from Flutterwave Capital is fast, and eligible applicants can access the funds they need in less than 2 business days
However to access the loan,
- you must be based in Nigeria. Business merchants in South Africa, Kenya and our other operating markets will soon get access to this solution.
- You must have processed payments on Flutterwave for at least 3 months.
- Be in good standing with Flutterwave Capital: If your business previously applied for a Capital loan and was rejected, you would be ineligible to receive a new loan offer for 30 days.
New Logo
Flutterwave also changed its logo in line with the new direction and thinking as contained in Flutterwave 3.0.
Since its launch five years ago, Flutterwave has processed over 200million transactions worth over USD $16 billion across 34 countries in Africa. It now serves over 900,000 businesses across the globe.
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