Microsoft has announced a five-year strategic technology partnership with Flutterwave. Through the new collaboration, Flutterwave will build its next-generation platform on Microsoft Azure, with the goal of fast-tracking payment innovation in Africa and, in so doing, accelerating the growth of small businesses across the continent
Small and medium-sized enterprises (SMEs) are crucial to Africa’s progress and development, but they often face challenges in accessing financial services and transacting seamlessly across local payment methods.
The partnership between Microsoft and Flutterwave will enable Flutterwave to build its next-generation platform on Microsoft Azure, which will provide scalability, security, and reliability. Flutterwave will also launch transactable solutions on Azure Marketplace, including its SMB finance-as-a-service offering.
This partnership will help Flutterwave to:
- Process high-volume payments at scale
- Ensure a seamless and secure payment experience for its clients
- Scale its product offering to millions of merchants worldwide
Microsoft’s Commitment to Africa
Microsoft is committed to fast-tracking economic growth in Africa through the transformative power of technology. The company believes that greater access to technology and innovation holds the key to building thriving local businesses that will create stronger economies.
Flutterwave’s mission is to help businesses overcome challenges surrounding access to financial services and connecting them to the global stage. The company enables multiple payment modes, including local and international cards, mobile wallets, and bank transfers.
Olugbenga Agboola, Founder and CEO of Flutterwave, said:
“In our journey at Flutterwave, we’ve always strived to touch lives by simplifying payments and connecting dreams to opportunities. Today, as we join hands with Microsoft, it feels like a family reunion of visionaries and go-getters.
The excitement in our team is palpable because this partnership isn’t just about transactions – it’s about transformation. We’re honoured that Microsoft believes in our vision and trusts our capability. I am proud to say we’re not just dreaming of an inclusive digital Africa; we’re creating it.”
Lillian Barnard, President of Microsoft Africa, said:
“Microsoft is committed to fast-tracking economic growth in Africa through the transformative power of technology – a key part of this involves making it possible for SMEs to acquire the digital financial tools and services they need to succeed.
We believe greater access to technology and innovation holds the key to building thriving local businesses that will create stronger economies to enable a brighter future for all.”
The partnership between Microsoft and Flutterwave is a significant step towards empowering small businesses and driving economic prosperity in Africa. By leveraging Microsoft’s cloud computing and AI capabilities, Flutterwave can accelerate its growth and help to create a more inclusive digital economy for all Africans.