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Flutterwave CEO Olugbenga Agboola joined a $22 million round for Terra Industries, a Nigerian defense tech startup expanding into high risk Sahel markets.
Flutterwave CEO Olugbenga Agboola says buying Mono ties payments and open banking together, aiming to unlock faster lending and safer account transfers.
Flutterwave CEO GB Agboola says the fintech is nearing profitability, betting on stablecoins and trade corridors after raising at least $475 million.
With this license, Flutterwave is positioned to help businesses in Senegal scale by offering its full range of seamless digital payment services.
From Lagos to London, Atlanta to Silicon Valley, meet 10 black entrepreneurs who have founded, built and scaled tech companies to billion-dollar valuations.
The move builds on Flutterwave’s aggressive expansion strategy, which has seen it secure multiple licenses across Africa.
This comes as Flutterwave continues to emphasize that its long-awaited initial public offering (IPO) will only happen once the company becomes profitable.
Agboola emphasized that the IPO’s timing isn’t just about being ready from an operational standpoint, but about delivering real, long-term value to its stakeholders.
Under the leadership of Agboola, Flutterwave continues its mission to connect Africa to the world and vice versa by simplifying payments.
As a security precaution, Flutterwave will notify some customers to migrate their accounts and is urging all customers to enable multifactor authentication, 3D security, and IP whitelisting.
Flutterwave has gained prominence in the fintech sector under the leadership of Nigerian billionaire Olugbenga Agboola.
Olugbenga Agboola’s involvement in this new fund further underscores his burgeoning influence in the African tech ecosystem.