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Nigeria’s Flutterwave in Talks to Triple Valuation to $3 Billion

Olugbenga Agboola
Olugbenga AgboolaSource: Flutterwave

Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people with knowledge of the matter.

The startup, which has offices in Lagos, Nigeria and San Francisco, recently held discussions with potential investors, the people said. Terms of the funding round haven’t been finalized, and it’s possible they may change.