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 like Fintech-as-a-service and Flutterwave Capital.
The new products Flutterwave announced include:
- A Fintech as a Service
- Flutterwave Capital
- Grow, is a B2B product that helps entrepreneurs easily incorporate their businesses globally.
- Checkout, a new checkout experience that is 5x faster, reducing drop-off by 60%.
- Card issuing, technology platform to enable businesses to issue both Mastercard virtual and physical debit/prepaid cards to their customers in partnership with Mastercard. These solutions remain subject to regulatory approval.
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 to 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 provides a business lending marketplace to support Flutterwave’s merchants in growing their businesses. To provide this service, Flutterwave entered into a partnership with some lending partners—CashConnect Microfinance Bank, MoneyWise Microfinance Bank, Wema Bank, Zenith Bank, Stanbic IBTC Bank and Sterling Bank.
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.