A report is stating that Flutterwave is among a number of other fintechs, currently in discussions to buy a British fintech.
The report from Sky News has stated that Railsr (formally known as Railsbank) is currently in discussions to sell at a multibillion dollar valuation.
Railsr, which specialises in embedded finance solutions such as banking services, credit cards and digital wallets is currently in a bidding war.
One insider said there was “heavy competition for the asset“.
Railsr has been working with bankers at FT Partners on a range of strategic options including an outright sale for several months.
The company had recently completed a $46m Series C funding round and had raised well over $100m in equity funding, with backing from investors including Visa.
Source: Sky News