Finance

Flutterwave’s Global Expansion: Partnering with Token.io for Open Banking in the U.K. and EU

Flutterwave, Africa’s leading payments technology company, has made significant strides in its global expansion efforts. In a recent move to connect Africa to the world, Flutterwave has partnered with Token.io to enable open banking for its customers in the United Kingdom and European Union. This collaboration aims to introduce African businesses to millions of global customers, further solidifying Flutterwave’s position as a critical player in the international economic narrative.

The partnership with Token.io is just one of the many ways Flutterwave enhances its offerings for global enterprises. Over the past 18 months, the company has focused on building out critical solutions, payouts, and collections to support the growth and expansion of multinationals across Africa. These solutions help global enterprises collect and make payouts in multiple currencies and provide the flexibility needed to move money quickly and swiftly take advantage of investment opportunities.

To further streamline its engineering and product development, Flutterwave has also collaborated with Microsoft to seamlessly scale its comprehensive payment solutions on Azure. This collaboration and the partnership with Token.io demonstrate Flutterwave’s commitment to providing innovative and efficient payment solutions to its customers worldwide.

In addition to its global expansion efforts, Flutterwave has been recognized for its innovative spirit and dedication to transforming the payments landscape in Africa. The company has been named Fast Company’s Most Innovative Company for Europe, Middle East, and Africa 2024, joining the ranks of industry giants such as Nvidia, YouTube, and Taco Bell. This recognition highlights Flutterwave’s relentless pursuit of innovation and its impact on shaping industry and culture.

Olugbenga Agboola, Founder and CEO of Flutterwave, expressed his gratitude for the recognition, stating, “We’re thrilled to be recognized as No. 1 in the Most Innovative Company Europe, Middle East, and Africa Category. Innovation is integral to our core values, which we continue to adopt across all parts of our business. Every day, we come to work and live and breathe innovation.”

The U.S. Chamber of Commerce’s US-Africa Business Center has also recognized Flutterwave’s commitment to innovation and connecting Africa to the global economy. Agboola has been named vice chair of the center’s board of directors, highlighting Flutterwave’s role in strengthening U.S. and African relations and cultivating the ever-changing commercial links between the two regions.

As Flutterwave continues to expand its global reach and forge strategic partnerships, it remains dedicated to providing innovative payment solutions that empower businesses and individuals across Africa and beyond. With its focus on open banking, seamless integration with global platforms, and recognition as a leading innovator, Flutterwave is well-positioned to drive significant growth and transformation in the payments industry, connecting Africa to the world in unprecedented ways.

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