Friday, March 29, 2024

Olugbenga Agboola

by Hideo Nakamura
Olugbenga Agboola

Olugbenga Agboola is a Nigerian entrepreneur and the founder of Flutterwave, an African payments technology company. He founded Flutterwave in 2016 with the aim to make it easier for businesses to accept payments from customers across Africa.

Agboola was born in Lagos, Nigeria and grew up there before moving to Canada as a teenager where he attended high school. After completing his education in Toronto, he returned back to Lagos to pursue a career in business. In 2012, Agboola co-founded SureGifts, an online gift card platform allowing users purchase gift cards that can be used at various stores throughout Nigeria. This was followed by the launch of Paylater (now Carbon), an online loan service provider in 2015 which allowed individuals access credit without requiring traditional forms of collateral or paperwork like bank statements or pay slips.

In 2016, Olugbenga launched Flutterwave with Iyin Aboyeji which is now used by over 35 million people across Africa including some of the biggest companies such as Mastercard and MTN Group. The company has raised over $200 million from investors such as Y Combinator Continuity Fund and Google Ventures among many others since its inception making it one of the most successful tech startups on the continent today.

Flutterwave provides payment solutions for merchants enabling them process transactions securely whether they are accepting digital currencies like Bitcoin or fiat currency like Naira or Euro through their global payment gateway RavePayment Gateway solution. Additionally they offer mobile money integration along with support services ranging from fraud prevention tools to customer onboarding and KYC processes so businesses can operate safely within regulatory frameworks while ensuring reliable customer experience when using their products/services . It also facilitates cross-border remittances between different countries providing users with more secure way to send money abroad without having worry about exchange rates or hidden fees associated with traditional banking systems .

Overall, Olugbenga’s work has been instrumental for promoting financial inclusion across Africa by making it easier for people access basic financial services through innovative technology solutions developed by him at Flutterwave . His achievements have earned him numerous accolades including being listed amongst Forbes 30 under 30 list , Dangote Fellowship Award , Goldman Sachs Builders + Innovators Summit award etc..

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