Flutterwave, a payments technology company in Africa, today announces it has secured $170 million from a group of international investors as part of a successful series C round. The round was led by growth-equity firms Avenir Growth Capital and Tiger Global with participation from new and existing investors.

Founded by entrepreneur Olugbenga Agboola in 2016, the company’s valuation is considered to be valued at more than $1 billion. The fundraise brings the total investment in Flutte...