Flutterwave Posts $2.1bn In Q4 Transaction Volume, Eyes IPO

African payments unicorn Flutterwave on Tuesday reported a record $2.1 billion in Q4 transaction volume — up 38 per cent year-on-year — and confirmed it is in late-stage discussions with advisers for a dual listing on the New York Stock Exchange and the Nigerian Exchange.

In a statement, the company said full-year processed volume crossed $7.8 billion, with annualised revenue of approximately $420 million.

IPO Outlook

Sources familiar with the matter say the dual listing — targeting a valuation north of $4 billion — could happen as early as the third quarter of 2026, subject to market conditions.

The IPO would make Flutterwave the first African fintech to dual-list across continents and a watershed moment for the continent's technology sector.

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