
Nigerian tech mogul Olugbenga Agboola’s Flutterwave secures payment license in Zambia
The move builds on Flutterwave’s aggressive expansion strategy, which has seen it secure multiple licenses across Africa.
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.
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.