Flutterwave’s $3 billion valuation makes it Africa’s most valuable startup

Flutterwave got a new valuation after it was able to raise $250 million dollars from a Series D funding round which sees the company’s valuation now stand at $3 billion dollars, making it Africa’s most valuable startup.

At $3 billion, it means Flutterwave’s valuation is approximately N1.71 trillion. A look at the Stocks Worth Over One Trillion (SWOOT) and when compared to these legacy organizations that have attained this feat, listed on the Nigerian Exchange Group (NGX), reveals that Flutterwave is more valuable than Nestle Nigeria, which currently has a market capitalization of approximately N1.14 trillion as at close of market on Thursday, February 17, 2022.

Looking at the tier-1 banks, the FUGAZ, asides from being more valuable than each of them individually, Flutterwave’s new valuation means the firm is more valuable than the two most valuable banks listed on the NGX, ZENITH and GTCO, combined.