San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba to offer digital payments between Alipay and African merchants.
Flutterwave is a Nigerian-founded B2B payments service (primarily) for companies in Africa to pay other companies on the continent and abroad.
Alipay is Alibaba’s digital wallet and payments platform. In 2013, Alipay surpassed PayPal in payments volume and currently claims a global network of more than 1 billion active users, per Alibaba’s latest earnings report.
Francis Plaza, a serial entrepreneur, was long frustrated with the poor digital payments services in his home country the Philippines. One day, he decided to do something about it.
About four months ago, Plaza sat together with his Software Engineer friends to discuss the issues in the payments space in the country and developed a solution.
And it has now made it to Y Combinator’s summer batch 2019, the first Filipino fintech startup to achieve the feat.
Integrate, a demand orchestration platform, has acquired ListenLoop, an account-based programmatic advertising platform. Terms of the deal were not disclosed. The company also unveiled a new solution powered by ListenLoop that is designed to connect programmatic ABM and demand generation.