Flutterwave, one of Africa’s leading payment technology companies, recorded 20 percent growth in Total Processed Value (TPV) with the monthly margin doubling in June 2025 compared to 2024 average, highlighting its strong performance and profitable progress.
According to the company’s 2025 half-year review, it facilitated about $1 billion in transactions between Africa and Asia, attracting more merchants in the East Asian market, such as Norafirst and Skyee, which joined as new merchants.
Partnered with Global Remit to expand the Send App for remittances to the United Arab Emirates, United Kingdom, E.U., and U.S, highlighting its increasing market depth driven by strategic partnership.
In his half-year review message, Olugbenga “GB” Agboola, founder and chief executive officer, Flutterwave, said:
“We’re not chasing vanity metrics. We are building a company that outlasts hype, that scales with discipline, and that puts African innovation at the center of the global economic map. Our half-year review was proof that we’re executing on a long-term plan.”
The company expanded to Senegal, Zambia, and Cameroon in the first half of 2025, bringing the number of countries active in Africa to 34 countries.
Its focus on Alternative Payment Methods (APMs) recorded significant growth as Pay with Bank Transfer grew by 198% in Total Processed Value year-on-year.
The Pay with Bank Transfer launched in Ghana in March saw 26% more transactions than other APMs.
Beyond facilitating transactions, the company entered into some strategic collaboration moves. It collaborated with Chapter AI to boost social commerce for Small and Medium Enterprises in 11 countries, and teamed up with Circle to offer stablecoin settlement options for merchants.
Secured 20 new U.S Money Transmitter Licenses, bringing its direct licenses without intermediaries to 34.
To align its financials with international standards, the company completed its first group-wide audit.
