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Flutterwave

Provider
PSPFX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 9 companies across 2 categories.

flutterwave.com ↗Also analysed as a company — its own stack →
CategoriesPSP, FX / Payouts
Rank#41 of 528 in PSP
Buyers9 companies
HeadquartersSan Francisco, California, USA (and Lagos, Nigeria)
Founded2016
FoundersIyinoluwa Aboyeji, Olugbenga Agboola

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Founders & story · from Flutterwave’s own dossier

Founded 2016 as an African cross-border payment gateway connecting local card schemes, bank accounts, and mobile-money rails. Expanded from acquiring to a full-stack financial infrastructure platform — adding remittances (Send), virtual cards, POS, and a lending marketplace (Flutterwave Capital) powered by third-party African banks. Now positions itself as pan-African payments infrastructure with international payout corridors into USD/EUR/GBP.

Latest round: Series C, 2021 ($170M)
Recent developments
  • 2023-01-01Pursued acquisition of British fintech Railsr source ↗
  • 2026-06-02Named a launch customer for Fireblocks Flow (announced at Money20/20 Europe), integrating it to let merchants accept payments in any digital asset with built-in settlement and reconciliation. Nkem Abuah (Lead, GEPP ROW, Remittances & Stablecoin Partnerships): “Partnering with Fireblocks to bring the Flow solution into our infrastructure is valuable in expanding our capabilities to support blockchain payments securely and seamlessly.” source ↗
Full dossier: Flutterwave’s own stack, layer by layer →
Who uses Flutterwave
9 companies disclose Flutterwave in their stack
PayrailsStanbic IBTCCornerstone Insurance PlcSycamore.NGBambooSEAMFIXSeamlessHRVeendHQ (Techstars '23)OnePipe
Buyer mix · 9 of 9 classified
Fintech / Lending · 2Bank / National · 1Fintech / Insurtech · 1Fintech / Investment · 1Horizontal SaaS / HR & Payroll · 1Infrastructure / Embedded finance API aggregator · 1Infrastructure / Identity · 1Infrastructure / Payments · 1
Africa · 7EU · 1US · 1
What the disclosures say
Payrails
“Payrails' own docs list supported PSPs for cards (Adyen, Stripe, Checkout.com, dLocal, Fawry, Flutterwave, Garanti BBVA, HyperPay, Lidio, PayU, Pine Labs, Tap, Unlimit, AmEx, plus Nuvei/Worldpay coming soon) and integrations for orchestration (Adyen, HiPay, Amazon, Braintree/PayPal, Checkout.com, dLocal, Klarna, Stripe…”
Stanbic IBTC
“Parent Standard Bank Group announced 2021 partnership with Flutterwave covering Nigeria for e-commerce, card issuing, payments, collections, USSD, lending and BNPL capabilities.”
Cornerstone Insurance Plc
“January 6, 2025 announcement: 'Cornerstone Insurance Collaborates with Flutterwave to Enhance Seamless Payment Solutions... enabling them to transact effortlessly via Cornerstone's website and app... seamless, secure payments through 15+ channels'”
Sycamore.NG
“Privacy policy sub-processors list names Paystack, Korapay, Flutterwave, SystemSpecs and NIBSS.”
Bamboo
“Security page: 'Our payment processor Flutterwave is PADSS & PCIDSS compliant'.”
SEAMFIX
“We have added Flutterwave to our billing options to enable seamless payments in any African currency.' Note: these are Seamfix's OWN payment acceptance rails for its Verify product, not resold to customers.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Flutterwave? Claim this profile above to unlock your own full list.
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What Flutterwave runs on · from its own dossier
The third-party providers Flutterwave itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Flutterwave.
Lending
CashConnect Microfinance BankIndicinaKeystone BankMigoWema BankZenith BankSterling Bank
Crypto / Stablecoin
Fireblocks
Full dossier with evidence for each layer →
Alternatives to Flutterwave

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe782 buyers →Adyen317 buyers →PayPal153 buyers →Checkout.com114 buyers →Worldpay88 buyers →Mollie63 buyers →Braintree57 buyers →Pix50 buyers →
Share this rank

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Ranked #41 of 528 in PSP — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/flutterwave?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/flutterwave.svg"
       alt="Ranked #41 of 528 in PSP — Embedded Finance Index 2026">
</a>
<img src="https://www.embeddedfinanceindex.com/api/badge/flutterwave/install" width="1" height="1" alt="" style="display:none">

Flutterwave — frequently asked

Which companies use Flutterwave?

9 companies are linked to Flutterwave in the Embedded Finance Index 2026, through their own public disclosures or Flutterwave's published customer list, including Payrails, Stanbic IBTC, Cornerstone Insurance Plc, Sycamore.NG, Bamboo, SEAMFIX, SeamlessHR, VeendHQ (Techstars '23) and OnePipe.

What does Flutterwave do?

Flutterwave is an embedded-finance provider in PSP and FX / Payouts. It ranks #41 of 528 PSP providers by linked companies.

What are the alternatives to Flutterwave?

The most-named PSP alternatives to Flutterwave are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), Checkout.com (114 buyers), Worldpay (88 buyers) and Mollie (63 buyers).

Who founded Flutterwave?

Flutterwave was founded by Iyinoluwa Aboyeji and Olugbenga Agboola and is founded in 2016, headquartered in San Francisco, California, USA (and Lagos, Nigeria).

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