African fintech giant Flutterwave has surpassed one billion processed transactions and recorded more than $40 billion in total payment value since its launch.

The milestone was revealed by Flutterwave Founder and CEO, Olugbenga Agboola, in a blog post reviewing the company’s growth and expansion over the past year.

Agboola attributed the company’s strong performance to the rising adoption of local payment solutions by businesses and consumers across the markets where Flutterwave operates.

Agboola disclosed that wallet-based collections grew by 289% in transaction volume over the past year, while the value of transactions processed through bank transfers increased by 184 per cent.

The growth underscores the rising role of digital payment infrastructure in Africa’s fast-growing digital economy, as bank transfers and mobile wallets become increasingly popular among consumers and businesses across the continent.

“Flutterwave has now processed more than 1 billion transactions and moved over $40 billion in total payment value. This foundation allowed us to achieve incredible momentum over the past year,” Agboola stated.

Agboola said Flutterwave now enables payments in more than 50 currencies across Africa, Europe, Asia, the Middle East and North America, broadening its reach in global commerce.

He also noted that the company obtained new operating licences in Senegal, Zambia and Cameroon over the past year, further expanding its regulatory presence across Africa.

Additionally, Flutterwave deepened its collaborations with Circle and Polygon to incorporate stablecoin functionality into its payments infrastructure, a step designed to enhance cross-border settlement services for businesses operating in multiple markets.

Agboola said the enhanced capabilities are designed to enable businesses to scale more quickly and expand into new markets with greater confidence.

Beyond its business achievements, Flutterwave revealed that more than 100 employees were promoted during its most recent performance review cycle.

The company also announced a one-time economic support payment for employees worldwide, alongside a special incentive package for its Nigerian workforce.