Facebook Co-Founder Eduardo Saverin’s venture capital firm, B Capital Group
Boston-based hedge fund, Whale Rock Capital Management
The latest news comes about 12 months since Flutterwave raised $170 million which saw it become Africa’s first unicorn in the fintech sector.
In total, the startup has reportedly raised $475 million from investors so far.
According to analysts, companies that do continue with Series D funding tend to either do so because they are in search of a final push before an IPO or, alternatively, because they have not yet been able to achieve the goals they set out to accomplish during Series C funding.