Nigerian billionaire Olugbenga Agboola’s Flutterwave advances IPO plans
Agboola’s stake in Flutterwave surged to a value exceeding $370 million after the company’s funding round last year in February.
Skip to content
Agboola’s stake in Flutterwave surged to a value exceeding $370 million after the company’s funding round last year in February.
Flutterwave, under Agboola’s visionary leadership, has emerged as a prominent player in the African tech ecosystem.
Agboola’s visionary leadership has propelled Flutterwave to the forefront of the African tech ecosystem.
Flutterwave is widely recognized as Africa’s most valuable tech startup.
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
Agboola’s net worth is reported to be in the billion-dollar range.
This development comes just three weeks after the fintech unicorn regained access to $52.5 million in frozen funds.
Flutterwave is a financial technology company.
Flutterwave was co-founded in 2016.
Flutterwave is a San Francisco- and Lagos-based fintech group.
Despite the allegations, the firm is continuing to prepare for its IPO.
The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
The company reiterates that it adheres to the highest regulatory standards.
In an email sent to employees, Agboola did not reveal any new information or admit to any wrongdoing.
Agboola and Flutterwave have yet to respond to or deny the allegations made by the Nigerian investigative journalist.
The funding comes on the heels of a five-year run in which Flutterwave has completed more than 200 million transactions totaling over $16 billion.