Flutterwave has gained prominence in the fintech sector under the leadership of Nigerian billionaire Olugbenga Agboola.
Olugbenga Agboola
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Olugbenga Agboola’s involvement in this new fund further underscores his burgeoning influence in the African tech ecosystem.
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Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
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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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Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
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Tech billionaire Olugbenga Agboola’s Flutterwave secures electronic money issuer and remittance licenses in Rwanda
The licenses will enable the fintech firm to provide a more comprehensive range of financial services.
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Kenya’s apex bank: Olugbenga Agboola’s Flutterwave, Ham Serunjogi’s Chipper Cash not licensed
The bank’s statement comes after Flutterwave denied links to a $59-million money laundering scheme.
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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.