Flutterwave, Africa’s largest payments technology firm, processed nearly $1 billion in transactions between Africa and Asia in the first half of 2025.
The Lagos-based fintech revealed the figure in its H1 2025 financial highlights released on Tuesday, attributing the surge to strategic partnerships with leading East Asian payment firms, including Norafirst and Skyee, as part of its ongoing global expansion drive.
This was disclosed by the founder and CEO, Olugbenga Agboola, in his half-year review message.
The milestone was accompanied by strong financial and operational performance, with Flutterwave reporting that its monthly margin by June had doubled compared to the 2024 average, driven by tighter cost controls and improved efficiency.
Enterprise payments recorded about 20% year-on-year growth in total payment volume, boosted by a sharper focus on core business segments.
On the regulatory front, the company secured 20 additional U.S. Money Transmitter Licenses during the period, raising its total to 34 direct licenses, while also expanding operations in Ghana, Senegal, Cameroon, and Zambia.
Flutterwave also completed its first group-wide audit, bringing its reporting in line 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,” he said.
Beyond Africa–Asia transactions, Flutterwave sealed several strategic partnerships in H1 2025. These included a deal with Chapter AI to enhance social commerce for SMEs in 11 African countries, a collaboration with Global Remit to extend Send App remittance services to the UAE, UK, EU, and U.S., and a partnership with Circle to facilitate stablecoin settlements for enterprise merchants.
The second half of the year could see further gains as Flutterwave pushes toward profitability, buoyed by the recent return of Send App to Europe.
The company announced the relaunch last month after a period of suspension.
