Investor Activity

Flutterwave and Microsoft Forge 5-Year Strategic Partnership

1 Mins read

Flutterwave and Microsoft Forge 5-Year Strategic Partnership

Flutterwave’s technological partnership with Microsoft will power the fintech’s payment beyond Africa. 

Flutterwave has entered into a five-year technological agreement with technology giant, Microsoft. The partnership will see the fintech company build a new generation of payment services on Microsoft Azure, powering payments infrastructure across the African continent and beyond.

This partnership, according to a statement forwarded to TechCabal, will enable the African payment firm to service multinational firms. Some of them include facilitating payments of Uber, Netflix, and Microsoft, solidifying Azure’s role in facilitating a seamless, reliable, and secure payment experience. Flutterwave looks to onboard its products such as Flutterwave for Business, Send by Flutterwave, Flutterwave Store, and Flutterwave for Fintech Platform, onto Microsoft’s Azure Cloud Platform. The goal is to offer payment services to-and-from Africa. On the part of both sides, this is a welcome development. 

Microsoft Corporation General Manager, Mike Gaal notes that the partnership is motivated by the support Microsoft Azure provides for Flutterwave’s core operations. “Our mission is to empower every person and every organization on the planet to achieve more. Working with Flutterwave will take us a step closer to achieving our mission In Africa,” Gaal said. 

CEO of Flutterwave, Olugbenga Agboola acknowledges Microsoft’s support in their success story. “As we manage high-volume payment processing, particularly during peak periods, the robustness, reliability, and scalability of Microsoft Azure becomes critical. As such, deepening our collaboration with Microsoft is the most logical step forward for us,” Agboola said.  

Flutterwave’s Chief Technology Officer (CTO), Gurbhej Dhillon is hopeful the partnership can scale their platform. “Their platform (Microsoft) provides us with significant developer leverage, which we can harness in service of our clients. Looking to the future, we are excited about the possibilities of scaling with Azure OpenAI Service, which will enable us to serve even more merchants worldwide,” Dhillon said. 

Source: Techcabal.com

Related posts
Investor ActivityMaking the newsNigeria

BUA Foods Makes $200 Million Investment in Sugar Project

2 Mins read
BUA Foods Makes $200 Million Investment in Sugar Project The Managing Director of BUA Foods, Ayodele Abioye, on Wednesday revealed that the…
ChinaInvestor ActivityMauritius

China Investors Set Their Sights on Mauritius as it Embraces Sustainability and Enhances Trade Deals

3 Mins read
China Investors Set Their Sights on Mauritius as it Embraces Sustainability and Enhances Trade Deals Chinese investors have begun shining a spotlight…
HeadlineInvestor ActivityScramble For Africa

Betting on Africa: Norrsken Founder Niklas Adalberth's Vision and Investment Strategy

5 Mins read
In 2016, Niklas Adalberth, co-founder of Klarna, exited the buy now, pay later giant to establish the Norrsken Foundation, a nonprofit organization grounded in the…

Leave a Reply

Your email address will not be published. Required fields are marked *