Visa and FIS joined an investor base that already includes Mastercard, as the Africa-focused payment technology provider closed its series B.

US-headquartered digital payment platform developer Flutterwave completed a $35m series B round on Tuesday that included payment services firm Visa and financial services technology provider FIS.

Greycroft and e.Ventures co-led the round, which included fellow venture capital firms CRE Venture Capital and Green Visor Capital. It boosted the company’s funding to $55m since it was founded in 2016.

Flutterwave has built a digital payment offering tailored for the African market that enables online merchants to sell their goods through an…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.