Flutterwave is a Nigeria’s tech industry startup that allows business owners to accept payments from customers without having to worry about compliance requirements, infrastructure technology, or having to deal with multiple payment providers.
The company is headquartered in San Francisco with a presence in the United Kingdom, and countries across Africa and Europe.
Flutterwave was founded due to the fragmented nature of payments in Africa, there were multiple ways of making and receiving payments within countries but cross-border payments remained a hassle. This made it difficult for individuals or businesses to make or receive international payments in Africa.
Flutterwave has built a modern payments technology and infrastructure for Africa. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.
Flutterwave operates across over 33 African countries, serving close to 300,000 merchants. The company specializes in individual and consumer money transfers, and has processed about 100 million transactions valued at over $5.4 billion since its launch.
Flutterwave Startup Year.
Flutterwave was founded in 2016 by Olugbenga Agboola , although it was not the first of its kind in Africa when it was co-started in 2016. But perhaps, the point of its success can be attributed to the fact it was a financial tech platform that had a lot of input from those in finance.
Since Flutterwave founding in May 2016, Flutterwave has processed over $2.3 billion in payments across 60 million transactions, partnering with Standard Bank, First Bank, Guaranty Trust Bank, Zenith Bank, Access Bank, United Bank for Africa, and Ecobank. Flutterwave clients include Transferwise, Flywire, Booking.com, JumiaPay, and Uber, among others.
From startup in 2016, Flutterwave turned out differently in 2018, it became the market leader in sub-Saharan Africa. The best digital payment app known for being seamless and secure, Flutterwave continues to be the choice for individual, small, medium and large scale enterprises.
Flutterwave Owner or Founder.
The Flutterwave owner or founder is Olugbenga Agboola, he is also the co-founder and CEO of San Francisco and Lagos-based Flutterwave, a fintech company that has become a $1 billion startup in five years. Before Olugbenga Agboola become the CEO of Flutterwave in 2018, he was the Chief Technology Officer.
Olugbenga Agboola is a Financial Technology Engineer. He has core financial services technology working experiences with companies such as Paypal, Google, GTBank, Access bank, Standard /Stanbic IBTC Bank.
Olugbenga was the product manager at Google where he worked on the company’s payment product, Wallet. He led Access Bank’s digital innovation drive in 2014 as its Head of Digital Factory and Innovation. He is also a senior Entrepreneur-in-Residence at the Africa Fintech Foundry. He was the Head of Innovation & Product Management, Digital Banking at Access Bank Plc.
Olugbenga has a degree in Management program from the Wharton School and a Masters Degree in Project Management & Advance Computing from the University of Westminster. He also has an MBA from the Massachusetts Institute of Technology (MIT)- Sloan School of Management.
Olugbenga Agboola as Flutterwave owner founded the smart Tech with the aim to make cross-border money transfers possible throughout Africa and partners with big global brands like Facebook, Uber and an so on. The startup was said to processed over 140 million transactions totaling more than $9 billion in three months. The company also said that between 2018 and 2020, its revenue increased at a compound annual growth rate of 225%.
The company recently started collaborating with PayPal so that people making purchases from African merchants can pay directly on the Flutterwave platform, eliminating a barrier to cross-border commerce. Flutterwave said in March that an initial public offering (IPO) in New York City was not out of the question.
Flutterwave Net Worth.
Flutterwave net worth is $1 billion and above, the Nigerian-African start-up became a $1 billion firm in five years. The African payments company Flutterwave net worth became over $1 billion when the company raises $170M in three months.
Flutterwave is one of about four or six unicorns ($1 billion-plus startups) in Africa. According to Agboola, he started the company to make it easy for Africans to make or receive international payments. The company presently operates across over 33 African countries, serving above 300,000 merchants.
Gbenga Agboola CEO Flutterwave Net Worth.
Gbenga Agboola is the CEO and Co-Founder of Flutterwave, a payment services firm with offices in Lagos and San Francisco.
The man who has a working experience with PayPal, Google, Guaranty Trust Bank, Access Bank, and StanbicIBTC Bank, among other companies. We don’t have the exact net worth of Olugbenga Agboola, but since he is the CEO and owner of Flutterwave, we can assume he is probably rich and has a good salary and great life full of luxury. Gbenga Agboola Flutterwave company is worth $1 billion , so we can say for a fact that his net worth is over $1 billion.
