Since the dawn of time, there has been a need for mankind to transact and to trade. Different systems and means have been devised over the years to simplify trade. From the barter system, to the gold standard, to the use of cowries (especially in Africa), to the use of cash currencies, man has always sort for better, faster, purer and safer ways to move value from one place to another, and from one person to another. The rapid advancement of technology has enabled some economies to operate a near cashless system, money has become a play of numbers and moves around at the speed of thought. However, like in a lot of things, Africa seems to be playing catch up in this financial revolution, and African businesses seemed to move at a slower financial pace due to the difficulty in moving money around, until the dawn of Flutterwave.
Company Overview
Flutterwave is a payment solution provider founded by Iyin Aboyeji and Olugbenga Agboola along with a team of ex-bankers in the year 2016. Flutterwave was founded with the vision to create payments infrastructure to connect Africa to the global economy. Flutterwave makes it easy for Africans to build businesses that can make and accept any payment, anywhere from across Africa and around the world, hence giving African businesses global reach. Flutterwave has an active presence in over 30 African countries and assembles payment services from over 68 gateways including mobile money and places them under one platform.
Products and Services
Flutterwave focuses on creating online financial solutions to ensure seamless financial management for people and businesses especially across the African continent. Flutterwave has achieved this through products like Rave api and Barter mobile app.
Rave is an API (Application Program Interface) that lets you process credit card and local alternative payments, like mobile money and ACH (Automated Clearing House), across Africa making it possible for global merchants to process payments like an African based company. Prior to the emergence of rave, it was quite difficult for African businesses to transact with foreign customers due to the vast spectrum of individual payment platforms available to different people across the continent. Conversely, in developed nations beyond the shores of Africa, merchants are able to accept payments via credit cards, debit cards and mobile money.
Rave allows merchants and services providers in Africa to receive online payments from customers, from anywhere, regardless of the preferred payment method of the customer. Banks can also integrate Rave on their online platforms and allow their customers to send and receive money to anyone from anywhere in the world. All you need to do is to get the rave inline javascript code from www.flutterwave.com and implement it on your webpage, web app and you are ready to start using rave. For more details on how to implement the rave API, follow this link: https://developer.flutterwave.com/docs/integrating-rave
Barter mobile app is a financial management app that allows you to add your bank account to your app dashboard and manage funds in your local currency as well as get detailed reports that show your spending patterns and insights.
You can also pay bills using the Barter App such as pay TV bills, utility bills, internet subscription and mobile data subscription. It also serves as a mobile wallet that allows you to carry out online transactions, send and receive money. Click https://flutterwave.com/online-payments-products/barter/ for more details on the Barter app. Barter however, has a little flaw, it doesn't return a notification of success or failure when you try to store your BVN on it, neither does it store your BVN permanently. Other than the aforementioned issue, which surely will be fixed in quick time, Barter is excellent financial management app.
Why Use Flutterwave
Flutterwave is your number one go-to solution provider for online payments and transactions as it is the most flexible online payment processing platform, acting as an umbrella for several payment options globally. This means that regardless of how you send or receive money or payments, flutterwave has you covered. Flutterwave is also probably the most reliable online payment solution for small and big businesses on the African continent as it has processed over 100 millions transactions since inception, partners with over 50 banks in Africa, has over 1200 developers building with its APIs and has over $2.5 billion worth of payments in process as at the time of writing this article. Flutterwave partners with companies like Uber, Arik air, Dusu pay, Flywire and Pennysmart. Flutterwave received the 'Best Payments Company' award at the Ghana e-commerce awards ceremony in November 2018. Simply put, you cannot go wrong with Flutterwave.
As the world advances at lightning pace in this age of accelerated acceleration, Flutterwave is Leading the charge for financial technology revolution across Africa and thus, globalizing African businesses.
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