Nigerian startup Flutterwave secures $170 million in capital injections from investors, now valued at over $1 billion
CNN
Flutterwave, an African fintech startup has secured $170 million in capital injections from investors, the firm said in a statement Wednesday.
The new capital flows -- facilitated by "a leading group of international investors" -- will bolster Flutterwave's client base in the global market, the statement said. "The fundraise brings the total investment in Flutterwave to USD $225 million and is one of only a very small number of African fintech companies to have raised significant funds in a period of widespread disruption and economic uncertainty," the statement added.President Joe Biden is expected to announce an executive order as early as Tuesday that would effectively shut down the US-Mexico border to asylum-seekers crossing illegally when a daily threshold of crossings is exceeded – a sweeping and controversial proposal that is likely to receive fierce pushback from progressives and immigration advocates.
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