Flutterwave Processes Nearly $1 Billion Between Africa and Asia in H1 2025

Flutterwave, Africa’s largest payments technology company, has processed close to $1 billion in transactions between Africa and Asia in the first half of 2025, marking a major milestone in its cross-border payments expansion.

The Lagos-based fintech revealed the figures in its half-year 2025 financial highlights released on Tuesday, noting that the surge was driven by strategic partnerships with leading East Asian payment firms such as Norafirst and Skyee. These collaborations have enabled Flutterwave to further extend its footprint in the global payments landscape.

Strong Financial Performance
The company also reported robust financial and operational growth for the period. Its monthly margin by June had doubled compared to the 2024 average, thanks to tighter cost controls and improved efficiency.

Other key achievements in the first half of the year include:

• Enterprise payments growth: A 20% year-on-year increase in total payment volume (TPV), supported by a stronger focus on core business segments.
• Regulatory expansion: Securing 20 new U.S. Money Transmitter Licenses, bringing its total to 34, while strengthening its presence in Ghana, Senegal, Cameroon, and Zambia.
• Governance and compliance: Completion of the company’s first group-wide audit, aligning financial reporting with international standards.

“We’re not chasing vanity metrics. We’re building a company that outlasts the hype, that scales with discipline, and that puts African innovation at the center of the global economic map,” said Olugbenga “GB” Agboola, Founder and CEO of Flutterwave.

Strategic Partnerships and New Markets
Beyond Africa–Asia transactions, Flutterwave signed several major deals in H1 2025. These include a partnership with Chapter AI to boost social commerce for SMEs in 11 African countries, collaboration with Global Remit to extend Send App remittance services to the UAE, UK, EU, and U.S., and teaming up with Circle to enable stablecoin settlements for enterprise merchants.

Send App’s Return to Europe
Looking ahead, the company expects even stronger performance in the second half of the year following the return of Send App to Europe. The platform had paused operations in the region but relaunched last month to tap into Europe’s large African diaspora.

According to the World Bank, remittance flows to low- and middle-income countries are projected to hit $690 billion in 2025, a trend Flutterwave aims to leverage as it moves closer to profitability.

With sustained transaction growth, strategic market entries, and disciplined operations, Flutterwave is positioning itself for its next phase of expansion and reinforcing its reputation as one of Africa’s most successful fintech companies.