Olugbenga Agboola and the Story of Flutterwave, Inc.
Flutterwave, Inc was founded by Olugbenga Agboola, an MIT graduate from Nigeria. Headquartered in San Francisco, this post-Series A fintech company was launched, in part, to help Africa build out their commercial payment infrastructure. With the help of the platform, businesses can receive or make payments across the continent. Flutterwave, Inc. has offices and operations in the US, Europe, and Africa, and the company’s global presence has helped business owners expand their operations. We’ll look at how the CEO has structured the company and why it’s resonated with the global business community.
A Necessary Service
Olugbenga Agboola started his company, in part, because he saw an opportunity for his homeland. Companies wanted to expand into Nigeria, but their operations didn’t have the capabilities to make payments in different countries. Payroll is a complex endeavor, one that has to take into account everything from employment law to tax codes. Those laws aren’t easy to apply to any given company, whether it’s a company of two or 200.
Because every country and region may have a different interpretation of the matter, it’s not always easy to coordinate. People may violate the rules without even realizing it. Olugbenga Agboola saw a way to streamline the process, so companies didn’t have to worry about whether they were staying within the lines. This was a problem, because it was keeping people from making major moves. When businesses can’t reliably pay their employees, they’re limited in terms of who they can hire. They’re limited in terms of where they can operate.
It was clear that Flutterwave, Inc. was a necessary service from the moment it launched. In its first two years of its operations, Flutterwave processed more than $2 billion across the entire platform and won several awards. Named Best Technology Platform by The Asian Banker and included in the Top 100 Fintech Firms, Olugbenga Agboola is proud of the technology product that he’s helped build.
What Does Flutterwave Do?
Flutterwave provides a number of payment services for banks and global merchants. Business owners can accept money and process transactions from wherever they are, including online, at an ATM, or through a Point of Sale system. However a person wants to pay or be paid, Flutterwave, Inc. makes it possible. More than 1 million customers, including Uber and Microsoft, rely on Flutterwave to help them sell online, build products, or incorporate business tools that allow their companies to scale up.
Olugbenga Agboola points out that it’s not the size of the company that matters, it’s the mission, drive, and heart. Small companies don’t always stay small, so when they need to expand their resources to meet the demand, they rely on Flutterwave to make the finances a little easier. Fast, intuitive, and easy, Agboola has given people from all walks of life the ability to make smarter decisions about structuring their finances.