We live in a world where
everything has gone digital, gone are the days where people will have to stand
for hours in a bank to carry out their transactions. Use of many platforms have
failed to totally eradicate this issue due to maybe trust, failed transaction,
delay in payment of transaction and many more.
To this effect, we will be
looking at how a small team(Flutterwave) helps us to make easy, secure and fast
transactions without stress as they intend to be the No 1 Fintech Company to
achieve this payment solution.
What is Flutterwave all
about?
Flutterwave is a
Nigerian Payment Technology Company which
focuses on helping banks and businesses provide seamless and secure payment
experiences for their customers.
With the
use of their platform, they have integrated the use of a card payment system like
Mastercard, Visa
Card, Verve and other card system to
Accept payment. Also, you can receive money from customers directly to your
account with ease. Finally, you can use their API(Application
Program Interface) to receive money for your online store and you
have access to use their WordPress plugin for your e-commerce site.
Brief
history about the company and its founders, directors, senior managers...
Their
desire to make a positive impact on technology and to also make life easy with
their product propelled Olugbenga
Agboola, a financial technology Engineer and Iyinoluwa Aboyeji, an
Entrepreneur and Co-founder of Andela founded flutterwave to create flutterwave in the year 2016.
Their
earnest involvement to create a product which will not only meet the desire of
all but contribute immensely to the financial sector of Africa did not go
unnoticed as top investors partner with them. This led to funding in excess of
$10 million in 2017 for the company, making the company one of the fastest
growing tech companies in Africa
It is
good to note that Flutterwave currently has two amazing products to help
businesses and individuals to bridge the gap in transaction through its ease of
cashless transaction solutions. Thereby ensuring efficient online transfer of
money for both buyer and seller who now can conduct business conveniently and
remotely.
The
Products are as follows:
Rave is an
Integrated Global Payment Platform which was created to help businesses make
easy and secure transactions whether through simple payment link or to manage
payout of hundreds of people. This can either be done using various card
payment platforms or USSD codes of various banks. They render 24/7 customer
service with reasonable fees and technology to achieve zero failed
transactions. Top companies like flywire.com, arikair.com, Uber.com, Jumia.com.ng, and Booking.com make use of this amazing business solution.
Fig 1:
What you can do with Rave
Barter is a
payment platform designed to make us enjoy life and spend less on the amount we
use to send money and borrow money. It is also good to know that with barter
you have an electronic ATM card that can be used on all platforms.
Fig 2:
Barter Interface
These products
aforementioned have made Flutterwave the Best Payment Gateway in Africa.
Flutterwave not only have access to African countries but also the US, UK and
China for payment processes. They also have connections to Shopify, Quickbook,
Sage, Xero, Squarespace, and Zoho.
Achievements of Flutterwave
1.
In 2018 Flutterwave successfully processed transactions worth $2.6bn, this was
achieved with 26,000 transactions.
2.
In 2018, Flutterwave received the ‘Best
Payments Company’ award at the Ghana e-Commerce Awards ceremony
3.
Successful integration and collaboration with top companies that will widen the
horizon of Flutterwave beyond African. Currently, they just sealed a deal with Alipay(the largest payment portal in China) to allow African trade to
buy and pay in China without stress.
4. Flutterwave, currently has connected these
African countries to each other such as Uganda, Kenya, Nigeria, South Africa,
Rwanda, Ghana. It is in the process of connecting Africa to the world.
5. Certification of ISO 27001 and 22301 by the
International Standards for Organization in Switzerland.
It is good to know that flutterwave has not only gained the trust
but has shown to have the best interest of people at heart. With all these facts, i believe without any doubt that you will start using flutterwave for your Online Payment Transaction.
Go higher Flutterwave as you make not only Nigeria but Africa at
Large Proud...
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