Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
Flutterwave
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Agboola believes this expansion will usher in an era of smoother financial transactions between the two regions.
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Agboola’s stake in Flutterwave surged to a value exceeding $370 million after the company’s funding round last year in February.
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Flutterwave, under Agboola’s visionary leadership, has emerged as a prominent player in the African tech ecosystem.
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Agboola’s net worth is reported to be in the billion-dollar range.
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Flutterwave is a San Francisco- and Lagos-based fintech group.
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Despite the allegations, the firm is continuing to prepare for its IPO.
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The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
Tech billionaire Olugbenga Agboola’s Flutterwave says money laundering claims are false
The company reiterates that it adheres to the highest regulatory standards.
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In an email sent to employees, Agboola did not reveal any new information or admit to any wrongdoing.