Fleet Week The Musical

move your body to the beat

Olugbenga Agboola, the Fintech Startup’s CEO

From midnight GMT on Wednesday, March 10th, until dawn, technical Twitter in major African cities became a boiling cauldron of inspirational quotations and hot takes. ‘Flutterwave’ was a trending theme on Nigerian Twitter, having gathered over 10,000 Tweets by 10 am.

Most of the attention was directed to Olugbenga Agboola, the CEO of Nigeria’s Fintech Startup Flutterwave. He oversees a staff of about 300 people, including developers and marketers, spread out between Lagos and San Francisco offices. In 2016, Olugbenga Agboola established Flutterwave alongside Iyinoluwa Aboyeji, and within a few years, Agboola, who was the former engineer at PayPal and Google product manager, has been in charge of an African-based startup.

The feat established 2021 as Africa’s good year for fintech funding since the investors moved into the rising wave. Adumo, Tyme Bank, Stitch, and Diool played an important role in opening the floodgates. The African startups were in for an increase of funds of up to 566 million dollars in 2021, with a record of 60% investing in fintech, as reported by TechCabal analysis. This was one of the major reasons Flutterwave’s case was trending on Twitter.

Much gratitude has been given to Flutterwave’s unicorn-ness due to its product adoption and ever-rising wave in Africa since its achievement; key investors have done their due diligence. This amazing feat that sucked in the attention of the African continent was not easy. Flutterwave has been looking at how to attract a huge amount of funding onto the ground and hopes to find investors all across Africa. While congratulating Flutterwave and Olugbenga Agboola, Aboyeji appreciated saying that these people were angels and rebels who took part in creating something wonderful. the plans of Flatterwave in 2016 did not yield much in the absence of individuals before the firms came in to sign checks.

Investors in the African startup sector have been supportive of each investment time. Flatterwave has faced many challenges ranging from lack of investors to lack of knowledge on navigating the emerging market. Since Africa is a new continent, most entrepreneurs Agboola has encountered the need to familiarize themselves with the marketplace. This is the main factor that makes them fail in business negotiations.

Flutterwave is a startup headquartered in San Francisco, California, and founded by CEO Olugbenga Agboola. The app has since been downloaded over one million times, and according to its website, the customer base has reached over seven million people. According to its website, the company is working on creating another way to access the global market and bring Africa into the mainstream economy. Flutterwave is regarded as one of the fastest-growing fintech companies in the world.

Flutterwave has stated that its primary goal is to cut down international payment processing time and make it convenient, accessible, and transparent for everyone. Flutterwave also offers a remittance product named ‘Flutterwave Remit,’ which enables users to send money to other people in other countries.

In conclusion, Flutterwave has been growing very fast and is viewed as one of the most popular startups in the world. Flutterwave is one of the earliest African initiatives to be listed by VCs, showing a lot of potential within the African startup sector.