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.
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Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
Agboola believes this expansion will usher in an era of smoother financial transactions between the two regions.
Agboola’s stake in Flutterwave surged to a value exceeding $370 million after the company’s funding round last year in February.
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
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.
Payhippo is an AI-driven lending platform that provides loans to small businesses.
The company’s Series-C round in March brought its valuation to over $1 billion.