Flutterwave, one of Africa’s largest payments technology companies, kicked off 2025 with strong momentum. In the first half of the year, it recorded a nearly 20% surge in enterprise payment volumes and facilitated close to $1 billion in transactions from Africa to Asia.
This growth underscores the company’s expanding role in enabling cross-border commerce and deepening economic ties between the two fast-growing regions.
The fintech giant noted that the surge in transactions was fueled by strategic partnerships with major East Asian payment firms such as Norafirst and Skyee, as it continues to expand its global reach.
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In Q1 2025, rather than chasing vanity metrics, the company focused on disciplined growth, long-term scalability. Commenting on this, Founder and CEO Olugbenga “GB” Agboola in his half-year review message said,
“We are not chasing vanity metrics. We are building a company that outlasts the hype, that scales with discipline, and that puts African innovation at the center of the global economic map”.
Flutterwave’s mid-year review reflected the execution of its long-term vision. The company secured 20 new Money Transmitter Licenses (MTLs) in the United States, bringing its total to 34 and enabling independent operations in key states. It also gained new regulatory approvals in Ghana, Cameroon, and Senegal, expanded its presence in Zambia, and reinforced compliance across the continent.
The company’s growing influence earned it a second consecutive spot on the TIME100 Most Influential Companies list, an acknowledgment Flutterwave views as a result of building with purpose and commitment to its mission of powering payments for Africa and connecting the continent to the world.
Understanding that Africa’s payment landscape differs from many global markets, Flutterwave tailored its solutions to meet local needs. In markets where mobile money and bank transfers dominate, the company’s Pay with Bank Transfer feature gained rapid traction.
In Ghana, it processed 26% more transactions than other alternative payment methods (APMs) within a quarter, contributing to a 47x increase in overall transaction value year-on-year in H1 2025. Across all markets, Pay with Bank Transfer achieved a 198.08% year-on-year jump in total processed value (TPV), reinforcing customer trust in the company’s secure infrastructure.
The company’s remittance platform Send App, has also expanded significantly, now operational in Ghana, Egypt, and new corridors across the U.S. and EU. This growth is making cross-border remittances faster, more reliable, and locally accessible from Berlin to Ibadan, and New York to Kumasi.
Beyond Africa, Flutterwave strengthened its presence in Turkey and Kuwait to support a major ride-hailing company. Transactions in Turkey rose significantly, while Kuwait recorded a 112.11% year-on-year increase in TPV.
The company also introduced its Next Gen APIs in beta, designed to help businesses scale faster with features like scheduled payouts, mobile money support, wallet transfers, enhanced documentation, and an independent developer sandbox. Commercial launch is expected in Q3 2025.
Strategic Partnerships
Flutterwave deepened collaborations to drive impact. In Nigeria, partnerships with FIRS, SMEDAN, and NITDA focused on formalizing payments, empowering MSMEs, and accelerating the digital economy. Across 11 African countries, collaboration with the Kenyan social commerce platform Chpter enabled sellers to collect payments directly through Instagram and WhatsApp.
In Europe, a partnership with Global Remit expanded Send App’s reach in Ireland, France, Germany, and Italy. Meanwhile, an early-stage partnership with Circle Payment Network aims to give enterprise merchants faster, more affordable, and reliable settlement solutions
Looking Ahead
Entering the second half of 2025, Flutterwave remains committed to building the strong financial infrastructure Africa needs.