Our Highlights
Nothing like the Original
Year after year, we’ve held fast to a bold vision: Make Africa feel like a country. This ambition is an endless pursuit of innovation, the kind that keeps us reimagining, re-strategising, and reaching for what’s next.
In 2024, we needed agility. We reinforced our core systems with more depth to drive the next phase of growth for African commerce and set up African businesses to scale effectively.
By breaking down barriers and creating seamless pathways for commerce, we’re doing more than facilitating transactions. We’re giving people and businesses—no matter where they stand on the map— a fair shot at chasing original plans, pushing boundaries, and rewriting their own success stories
GB's Letter
Nothing like a favorite Moment
Intense. Inspiring. Every moment, a new high.
Nothing like the American Express partnership, and more
Watch hereNothing like acquiring 31 extra Money Transfer Licenses in the USA
Read hereNothing like Send App launching in 49 American States
Read hereNothing like expanding to Ghana, Uganda, Zambia, Mozambique
Read hereNothing like powering history to take flight with Air Peace
Read hereNothing like being listed among CNBC's Top 250 Fintech Companies
Read hereNothing like being named Fast Company’s Most Innovative Company for the EMEA region in 2024
Read here
Global Expedition on Full Gear
We took scale to a whole new level, and businesses using Flutterwave followed the same tempo - receiving payments from a new geographic location like never before. Our expansion and partnership drive also makes us one of the most licensed payment companies in Africa, making local and global expansion for our customers a breeze. That’s Reach.
48% of businesses received payments from a new geographic location in 2024
Signaling a 12% increase in expansion from the previous year
Payment Services Providers, Remittance, Travel, and Hospitality sectors led the expansion drive, receiving payments from more new markets than any other sector
NOTEWORTHY
In 2024, we extended our reach. Fully operating in Rwanda, Ghana, Uganda, Zambia, and Mozambique. New global expansions and partnerships mean that we operate in 35+ countries, support 150+ currencies, and provide every payment method customers need.
Risevest achieving a 93% customer journey completion rate while stepping into new markets is a testament to what happens when ambition meets opportunity
Take your business across borders ->Counting. Collecting. Currencies.
Our strategic partnerships have strengthened our acquiring capabilities, allowing Flutterwave to accept nearly every global currency. In 2024, 60 of the 150 currencies we support were used for transactions at checkout.
That’s over 30% of the world’s currencies processed on Flutterwave. So much is possible on a single rail.
December was Big, $500M Big
Our focus on infrastructural depth meant more capacity to route payments through the most effective channel, and the result was record-breaking months like December. December alone saw over 26 million transactions worth $500M, with even our quietest month hitting 72% of that volume.
Top three performing businesses in December
Fintech
E-Commerce
Payment Service Providers
NOTEWORTHY
Big months weren’t just a one-off. The conscious improvements we made across our infrastructure positioned businesses for better outcomes.
Remember
these Months
Our infinite obsession with delivering the most thoughtful customer experience meant our customers could maximize the opportunities each month presented. Here are 8 sectors and their top-performing month in 2024, determined by collections.
NOTEWORTHY
Our platform was significantly enhanced to outsmart unpredictable industry downtimes. When payment providers and other third-party dependencies experienced service disruption, our success rate never went below the average mark.
CUSTOMER-BASE
All About the Essentials
In 2024, the top-performing businesses on Flutterwave showed that regardless of the socioeconomic challenges any year presents, essential needs will be a driving force for any economy.
Meet the top-performing business categories in 2024
Transportation & Logistics
Investment and Savings
Remittance
Payment Services Providers
NOTEWORTHY
With more alternative payment methods added on Flutterwave, we’re helping businesses reach a wider customer base while giving their customers the freedom to pay their way.
Our partnership with OPay gives businesses the ability to collect payments from over 40 million OPay users.
Turn on OPay on your dashboard. ->Africa, the Great Contributor
Businesses using Flutterwave received payments from customers in every corner of the globe, with a significant portion of their payments originating from Africa. Here’s a breakdown of how African buyers preferred to pay in the year that was.
In 2025, we’ll likely see a slight preference shift from card to account payment for Africa’s largest economy, Nigeria, following the launch of Flutterwave’s direct debit.
Flutterwave’s Direct Debit allows businesses to collect single and recurring payments more reliably from customers’ accounts with their permission.
Turn on Direct Debit ->
Play Video
NOTEWORTHY
We improved card velocity by 5x, enhancing fraud detection, and saving hundreds of thousands in card processing fees.
Is Money Just for…Making Money?
Businesses using Flutterwave processed payouts for diverse reasons. We conducted a word cloud analysis on payout narrations throughout the year, and these narrations stood out.
Businesses used Flutterwave to make payments for diverse reasons
Education
School fees
Service purchase
Savings
Food
NOTEWORTHY
Remittance enablement on Flutterwave makes our dashboard the central hub for diverse money movement needs. The possibilities are beyond endless on Flutterwave.
One of these possibilities is Trove’s 100% success rate for ‘Pay With Bank Transfer’ using Flutterwave.
Check out Trove Finance’s perfect record ->Make Way for Growth
When the essential pillars of economies run efficiently, productivity skyrockets, and when it does, money moves, and when money moves, the potential of payments is manifested in real and hard-won results.
So in the year that was, we invested in the essential pillars that have been the lifeblood of economies for as long as we can remember: Education, Travel & Hospitality, Public Sector, and Entertainment.
If you’re looking for a multiplier formula, you just read one.
AMBITION 2025
2024 was about building sustainably, learning and making tough decisions that will benefit us in the long term. We've honed our focus trusting that when we give our original purpose an even stronger embrace, everything else will fall in line, beautifully.
All Onboard - Upgrades, on Upgrades, on Upgrades
Immeasurable Impact for even the tiniest upgrade. A glossary of all the updates, upgrades, and new features released on Flutterwave in 2024.
Card Support Payment Method Experience API features General
Account Direct Debit
Customers can now authorize direct debits from their bank accounts
Amex Card
American Express cards are now accepted as a payment method
OPay
Customers in Nigeria can pay using the OPay mobile wallet on Flutterwave
AfriGo
Businesses can now accept payments from AfriGo’s growing customer base, unlock more revenue streams and make secure and seamless Naira payments any day anytime
Capitec
South African customers can pay with their Capitec bank account
Improved Payment Method Request Process
The process of selecting a payment method has been streamlined
Smoother Checkout Experience
The overall checkout experience has been optimized for a better user experience
External 3DS
Enhanced security measures for 3D Secure authentication
Recurring Payments
Customers can set up recurring payments for automatic billing
Multiple Capture on Pre-Auth Transactions
More flexibility in capturing funds from pre-authorized transactions
Void on Sale - Normal Charges and Pre-Auth
Improved void functionality for both regular sales and pre-authorized transactions
Amount Update on PWBT Service
Merchants can update the amount tied to a virtual account, ensuring customers always pay the right price
Card Velocity
Enhanced fraud prevention measures for each transaction