Flutterwave, one of Africa’s leading fintech companies, has announced a strategic partnership with Clear Junction, a pioneer in regulated payment solutions, to improve cross-border money transfers for African customers.
The partnership provides Flutterwave access to Clear Junction’s robust technical infrastructure and faster transaction routing, addressing the growing needs of migrant workers and families relying on dependable international money flows.
Clear Junction’s expertise in cross-border trade payments and treasury services will enable Flutterwave to enhance its support for remittance customers sending funds to the UK and EU.
This service is available through Swap, Flutterwave’s currency exchange platform developed in partnership with Wema Bank and Kadavra BDC.
Swap powers several of Flutterwave’s customer-facing platforms, including the Send App, allowing users to send money abroad conveniently and within familiar channels. The platform ensures a seamless, compliant, and cost-effective process for cross-border transfers.
Dima Kats, CEO and Founder of Clear Junction, commented: “We’re thrilled to partner with Flutterwave. Timely access to favorable FX rates is imperative for customers relying on remittances. Clear Junction serves as a vital ally for African fintechs, providing secure, fast, and cost-effective solutions that ensure funds reach recipients’ accounts swiftly, fostering business growth and financial inclusion.”
Mayokun Owolabi, Head of Global Expansion & Payment Partnerships at Flutterwave, added: “With this partnership, our new and existing retail customers can expect a more streamlined and efficient way to send money to the UK and EU, making it faster and easier to pay for tuition fees, family expenses, and more.”
The collaboration is expected to increase transaction volumes, enhance customer satisfaction, and advance Flutterwave’s mission to seamlessly connect Africa to the world through efficient cross-border payments.