A Nigerian-founded company has become just the third technology start-up in Africa to reach a billion-dollar valuation - the so-called "unicorn" status, since it seems so unattainable.

While this is likely to spark a new wave of interest in hi-tech start-ups across the continent, it is a very specific set of factors that enabled electronic payments company Flutterwave to attract the level of investment that took its value across the unicorn threshold...

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