Flutterwave’s UK arm quadruples turnover since 2021, hitting £6.6 million in 2024

Key Takeaways

  • Flutterwave UK’s turnover rose from £0.93M in 2021 to £6.61M in 2024, showing consistent expansion.
  • Growth cooled from 311% in 2022 to 21% in 2024, reflecting market maturity.
  • The UK unit’s performance is now tied to Flutterwave’s global surge, with over $31 billion in payments processed in 2024.
  • The focus is shifting from rapid scaling to sustainable growth, compliance, and strengthening cross-border infrastructure.

Flutterwave UK’s turnover grew from a little less than £1 million in 2021 to £6.61 million in 2024, marking a consistent upward path even as growth rates eased from 311% in 2022 to 21% in 2024.

This pattern reflects a classic fintech trajectory of explosive early scaling followed by stabilisation as the market matures. The steady rise in revenue shows that the UK arm remains a solid anchor for Flutterwave’s European operations, benefitting from stronger compliance frameworks and expanded partnerships with local merchants.

In 2024, Flutterwave globally processed over $31 billion (~£24.3 billion) in payments, a record year driven by cross-border expansion, new US money transfer licenses, and deeper presence across Africa and Europe. This global push helped the company maintain steady transaction flows through the UK, which serves as a regulatory and settlement hub.

While the rapid growth phase is tapering, the company’s focus on sustainability, infrastructure, and international corridors positions Flutterwave UK as a stable and strategic contributor to the fintech’s global network.

Source:

Flutterwave Financial Statements

Period:

2021 - 2024
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