Flutterwave co-founder and long-serving CEO, Iyinoluwa Aboyeji has stepped down from his role at the company to ‘focus on giving back to the startup community’.
This development follows the completion of a Series A Extension round of financing which has seen the financial services company raise over $20 million from a pool of investors. These investors include; Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, Raba Capital, Green Visor Capital and Greycroft Partners.
Flutterwave Co-Founder, Olugbenga Agboola, will replace Iyin Aboyeji as CEO. Olugbenga Agboola is a Financial Technology Engineer, with core financial services technology experiences with Paypal, Google, GTBank, Access Bank, Standard /StanbicIBTC Bank. #Fintechshakeup
— Father of Two Boys (@FrankEleanya) October 14, 2018
Following this development, Co-Founder, Olugbenga Agboola, will replace Iyin Aboyeji as CEO of the company. But not so much is known about Mr Agboola. In this report, we will try to bring to you as much details about him as is available to us.
Meet Olugbenga Agboola
Olugbenga Agboola is a Financial Technology Engineer. He has core financial services technology working experiences with companies such as Paypal, Google, GTBank, Access bank, Standard /Stanbic IBTC Bank. Before now, he was the CTO of Flutterwave.
TechCabal’s Bankole Oluwafemi describes him as a passionate IT expert who was incensed by the state of payments in Nigeria before Flutterwave started out with him in the team.
Olugbenga was the product manager at Google where he worked on the company’s payment product, Wallet. He led Access Bank’s digital innovation drive in 2014 as its Head of Digital Factory and Innovation. He is also a senior Entrepreneur-in-Residence at the Africa Fintech Foundry. Prior to this role, he was the Head of Innovation & Product Management, Digital Banking at Access Bank Plc.
Olugbenga has a degree in Management program from the Wharton School and a Masters Degree in Project Management & Advance Computing from the University of Westminster. He also has an MBA from the Massachusetts Institute of Technology (MIT)- Sloan School of Management.
He is a Certified Ethical Hacker, Certified Security Analyst, and Microsoft Certified System Engineer.
That said about him, we are certain that Flutterwave is in safe hands after Iyin’s exit.
Flutterwave is building modern payments technology and infrastructure for Africa. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.
Since its founding in May 2016, Flutterwave has processed over $2.3 billion in payments across 60 million transactions, partnering with Standard Bank, First Bank, Guaranty Trust Bank, Zenith Bank, Access Bank, United Bank for Africa, and Ecobank. Flutterwave clients include Transferwise, Flywire, Booking.com, JumiaPay, and Uber, among others.
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