Weekly Wrap, February 21st, 2022; Flutterwave triples its billion-dollar valuation, IFC mulls commitment to Alterra’s maiden fund, Africa50 takes stake in datacenter firm, more…

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Last week in brief…February 21st, 2022

Flutterwave was crowned Africa’s most valuable startup last week. The six-year-old payments technology firm raised $250 million from a group of new and returning investors for its Series D valuing it at $3 billion, triple the amount it was assigned 12 months ago when it wrapped up its prior round. California-headquartered B Capital Group led the group of 9 investors, of which 3 – Alta Park Capital, Whale Rock Capital, and Lux Capital – like B Capital, are first-time investors in the firm.

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