Flutterwave Achieves $31 Billion in Transaction Volume For 2024

The year 2024 proved a landmark year for Flutterwave, the African fintech giant. The company’s year-end report showcased impressive figures, including a staggering $31 billion in processed transactions.
This surge reflects not just growth, but a strategic expansion that has solidified Flutterwave’s position as a key player in the global financial landscape. A core element of this success story is Flutterwave’s expanding global footprint. New operations in Rwanda, Ghana, Uganda, Zambia, and Mozambique broadened its African base, while aggressive expansion in the US, marked by securing 31 new Money Transfer Licenses and the rollout of the Send App in 49 states, underscored its international ambitions.
This drive for global reach is fueled by a clear mission: to connect Africa to the world and simplify cross-border transactions. Beyond geographical expansion, Flutterwave focused on technological innovation. Upgrades to its fraud detection system resulted in a remarkable five-fold increase in card transaction speed, translating to substantial cost savings.
The introduction of Direct Debit in Nigeria and a strategic partnership with OPay, connecting to its massive 40-million-user network, further diversified payment options and enhanced user accessibility. The true measure of Flutterwave’s success lies in the impact it has had on its clients. Risevest’s 93% customer journey completion rate during market expansion and Trove Finance’s 100% success rate with bank transfers highlight the reliability and effectiveness of Flutterwave’s platform.
December 2024 saw Flutterwave reach new heights, processing $500 million in transactions – its highest monthly volume to date. This peak, coupled with consistently strong performance throughout the year, underscores Flutterwave’s robust growth trajectory and its potential to reshape the future of finance.