Flutterwave

Flutterwave YC Application

Summer 2016Active

Flutterwave went through Y Combinator in the Summer 2016 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch
Summer 2016
Industry
FintechPayments
Team size
500
Status
Active
Launched
2016

Founders

  • Adeleke Adekoya
    Adeleke AdekoyaFounder
  • Olugbenga GB Agboola
    Olugbenga GB AgboolaFounder

What Flutterwave does

At Flutterwave, we are on a mission to build payments infrastructure to connect Africa to the global economy. We do this by building technology, tools, and infrastructure for businesses and banks who want to provide a more seamless and secure payments experience for their customers. Founded in 2016 by a team of African finance and technology veterans from Standard Bank, Angela, PayPal, Google Wallet amongst others. Flutterwave has grown to become one of the fastest growing payments companies in the world. Since inception Flutterwave has processed close to $20 billion in payments and 100 million transactions across over 33 African countries where it currently operates. It has attracted significant investment from experienced Fintech investors such as Ycombinator Continuity Fund (investors in Stripe), Greycroft (investors in Braintree and Venmo), Greenvisor Capital, Omidyar Network, and Glynn Capital amongst others. In 2017 Flutterwave was named Africa’s best fintech company at the Apps Africa Innovation Awards.

Flutterwave's YC application, reconstructed

Y Combinator application

Flutterwave, Summer 2016 batch. The real form questions, answered from public data.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

Flutterwave

Describe what your company does in 50 characters or less.

Helping businesses accept payments across Africa.

What is your company going to make? Please describe your product and what it does or will do.

We built a payments infrastructure that allows businesses and banks to process payments across 33 African countries. Our platform handles transactions from multiple channels, making it easier for businesses to accept payments anywhere on the continent.

Where do you live now, and where would the company be based after YC?

We live in Lagos, Nigeria, and the company is based there.

Explain your decision regarding location.

We are based in Lagos because that is where our team and most of our customers are. Africa's payments infrastructure is fragmented, and being on the ground here allows us to solve real local problems quickly.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

Frequently Asked Questions

Is this the real Flutterwave YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Flutterwave's public data (launch notes, founder backgrounds, product description). It shows how a company like Flutterwave would present itself to YC, not the text they submitted.

What YC batch was Flutterwave in?

Flutterwave was part of the Y Combinator Summer 2016 batch.

Who founded Flutterwave?

Flutterwave was founded by Adeleke Adekoya, Olugbenga GB Agboola.

What does Flutterwave do?

Helping businesses make and accept payments from anywhere in Africa.

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of Flutterwave's application, and every other YC batch, is in YC Insights.

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