#Flutterwave

[afrotumble]

Nigeria’s Chaotic Rise as the Tech Heart of Africa | Hello World with As...

[flutterwave]

Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank.

This move makes Flutterwave the first African company to scale up remittances from India to Africa, streamlining the process for users, Bloomberg reported Friday (Sept. 8), citing an interview with Flutterwave Co-founder and CEO Olugbenga Agboola.

Reached for comment by PYMNTS, a Flutterwave spokesperson said the company is building a “quick and secure” remittance corridor from the U.K. to India via a partnership with IndusInd Bank and is planning to build one from Africa to India in the future.

IndusInd Bank, a leading financial institution in India, serves approximately 35 million customers across the country, including individuals, large corporations and government entities, according to the report.

Flutterwave has experienced rapid growth since its establishment in 2016 and currently operates in about 30 African countries, the report said. A January 2022 funding round valued the company at $3 billion.

The company has attracted significant investments from venture capital firms like Tiger Global Management and formed partnerships with notable companies such as Alibaba’s Alipay, Uber Technologies and Netflix, per the report. A recent agreement with French company Capgemini also bolstered Flutterwave’s engineering infrastructure.

Agboola told Bloomberg that Flutterwave is a partnership-driven organization and looks forward to collaborating with more bank partners in India.

In another recent development, the company announced Aug. 1 that it has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. That expansion brought to 34 the number of countries around the world in which the Send App can be used to send and receive money.

A month earlier, in July, Flutterwave launched a product to help African users conveniently pay fees to educational institutions both within Africa and overseas by using their local currencies. This payment product, Tuition, is designed to be used by students, parents, guardians and sponsors, providing them with a payment solution that safe, reliable, affordable and seamless.

In a third recent expansion of its services, the company partnered with Token.io to begin offering pay-by-bank transfers, “making it even faster and easier for individuals and businesses to pay and receive money.”

Flutterwave said at the time that this pay by bank, or account-to-account (A2A) payments, offering lets users quickly and securely move money between accounts, without registration or error-prone data entry.

[touchaheartnews]

Flutterwave In Fresh Trouble As Court Refuses IGP’s Request To Reverse Stolen Billions

Flutterwave is in fresh trouble as the court has refused IGP’s request to reverse stolen billions. Touchaheart news reports that the Federal High Court in Abuja has denied a motion by the Inspector General of Police (IGP) seeking an order to compel approximately twelve banks and financial institutions to reverse billions of naira that were allegedly fraudulently withdrawn from a Flutterwave…

[olgbenga-agboola]

Flutterwave Boss, Olugbenga Agboola’s Giant Leaps

It is a known fact that the businessman is fast becoming the recurring decimal in the fintech sector. Many in the industry across the shores of Africa have given thumbs up to his company, while also acknowledging his ingenuity.

In the last seven years, Agboola’s Flutterwave has recorded significant milestones in its journey to the top within the African tech ecosystem and secured investments from renowned venture capital firms and forged strategic partnerships with industry giants.

As one of the leading tech entrepreneurs in Africa, Agboola has built one of the continent’s most prominent tech brands.

He has also led the firm to provide customers and businesses in Africa and other developing markets with unlimited possibilities leveraging technology’s rapid adoption. The fintech firm’s remarkable growth trajectory has not gone unnoticed, as it is now considering an initial public offering on the NASDAQ Exchange.

Interestingly, despite his great accomplishments,  one can say that Agboola is an evolving story waiting to be told.  Since he started as a businessman, he has continued to ply his trade in such a way that makes many of his competitors green with envy. The young man was one of the select investors who accompanied President Bola Tinubu to India for the just concluded G20 Summit.

Just like a man destined for greatness, he has started reaping an instant fruit from the trip, as he successfully sealed a deal to expand his company’s reach to India. He announced a significant collaboration with IndusInd Bank Limited, one of India’s leading financial services providers catering to about 35 million customers. The partnership is a giant leap for Agboola and Flutterwave, this would further broaden his global footprint and streamline cross-border remittances and solidify his feet as a world recognised businessman.

[finextcon]

How Flutterwave Supports Financial Inclusion through Money Transfers

In today's interconnected world, financial inclusion remains a critical issue, especially in developing regions where access to financial services is limited. Flutterwave, a leading payment technology company in Africa, is making significant strides in bridging this gap. By leveraging innovative solutions and a robust platform, Flutterwave is empowering individuals and businesses through seamless money transfers. This blog explores how Flutterwave supports financial inclusion and transforms lives across the continent.

Understanding Financial Inclusion

Financial inclusion refers to the availability and accessibility of financial services to all individuals, regardless of their socio-economic status. It encompasses a range of services, including banking, payments, savings, credit, and insurance. Financial inclusion is essential for economic development, poverty reduction, and overall societal well-being.

Flutterwave's Role in Promoting Financial Inclusion

Flutterwave has emerged as a pivotal player in the financial technology sector, particularly in Africa. Here's how the company is driving financial inclusion through money transfers:

Accessible and Affordable ServicesOne of the primary barriers to financial inclusion is the high cost of financial services. Flutterwave addresses this challenge by offering affordable money transfer solutions. Their platform allows users to send and receive money at competitive rates, making financial transactions more accessible to low-income individuals and small businesses.

Innovative Payment SolutionsFlutterwave's technology enables various payment methods, including mobile money, bank transfers, and card payments. By integrating these options, Flutterwave ensures that users can choose the most convenient and cost-effective method for their needs. This flexibility is crucial for reaching underserved populations who may not have access to traditional banking services.

Cross-Border TransfersCross-border money transfers are often complex and expensive. Flutterwave simplifies this process by providing a seamless and cost-effective solution for international remittances. This feature is particularly beneficial for migrant workers who send money back home to support their families, thereby contributing to economic stability and growth.

Partnerships with Financial InstitutionsFlutterwave collaborates with banks, mobile money operators, and other financial institutions to expand its reach and improve service delivery. These partnerships enable Flutterwave to offer a wider range of services and enhance financial inclusion efforts by leveraging existing financial networks.

Supporting Small and Medium Enterprises (SMEs)SMEs are vital to economic growth and job creation but often face challenges in accessing financial services. Flutterwave supports SMEs by providing them with easy-to-use payment solutions, enabling them to accept payments from customers worldwide. This support helps businesses grow, create jobs, and contribute to economic development.

Education and AwarenessFinancial literacy is a key component of financial inclusion. Flutterwave actively engages in educating individuals and businesses about the benefits and usage of digital financial services. Through workshops, webinars, and online resources, Flutterwave empowers users with the knowledge needed to make informed financial decisions.

Success Stories

The impact of Flutterwave's efforts is evident in the numerous success stories from individuals and businesses across Africa. For instance, a small business owner in Nigeria can now receive payments from international customers seamlessly, thanks to Flutterwave's payment gateway. Similarly, a student in Kenya can receive remittances from family abroad quickly and affordably, helping them focus on their studies without financial stress.

The Road Ahead

While significant progress has been made, the journey towards complete financial inclusion is ongoing. Flutterwave continues to innovate and expand its services to reach more people and address emerging challenges. The company's commitment to financial inclusion is a testament to its vision of a world where everyone has access to the financial services they need to thrive.

Conclusion

Flutterwave's dedication to financial inclusion through money transfers is transforming lives and fostering economic growth across Africa. By providing accessible, affordable, and innovative financial solutions, Flutterwave is empowering individuals and businesses to participate fully in the economy. As the company continues to expand and innovate, the future of financial inclusion in Africa looks promising.

[ukjournal]

Are you wondering why everyone is talking about the Flutterwave scandal? You’re not alone! It’s been in the news a lot. We’re going to tell you all about the Flutterwave Scandal in a way that’s easy to get. Keep reading, because we’re going to share the whole story with you.

What is Flutterwave?

The company Flutterwave is headquartered in San Francisco, California, United States.

In 2016, Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya established Flutterwave. It offers a payment infrastructure to international merchants and payment service providers throughout Africa. The company operates in various African countries including Nigeria, Kenya, Uganda, Ghana, South Africa, and others.

What is the Flutterwave Scandal?

The Flutterwave scandal involves allegations of misconduct and inappropriate behaviour towards female employees by the company’s co-founder and CEO, Olugbenga Agboola. 

Reports have surfaced from both current and former employees about bullying, intimidation, and sexual harassment at work. Know more...

[howlytic]

How do you Verify the Flutterwave Scandal?

As of my last update in January 2022, I'm not aware of any specific scandal involving Flutterwave Scandal. However, if you're referring to recent allegations or controversies involving Flutterwave, you would typically verify such claims by relying on reputable news sources, official statements from Flutterwave itself, or regulatory announcements. Here's a general guide on how to verify such claims:

Check Reputable News Sources: Look for news articles from well-known and respected media outlets. These outlets often provide thorough investigations and fact-checking before publishing stories.

Official Statements from Flutterwave: Flutterwave or its representatives may issue official statements addressing any allegations or controversies. Check their website, social media channels, or press releases for any responses to the scandal.

Regulatory Announcements: If the scandal involves regulatory issues, relevant regulatory bodies might release statements or updates regarding investigations or actions taken.

Independent Investigations: Sometimes independent investigative journalists or organizations may provide in-depth analysis or investigations into the scandal. These can offer additional insights and perspectives.

Consider Multiple Sources: Verify information from multiple independent and reliable sources to ensure accuracy and objectivity.

Social Media Analysis: While social media can be a source of information, it's essential to be cautious as misinformation can spread rapidly. Look for credible accounts or organizations providing reliable information.

Fact-Checking Websites: There are fact-checking websites that specialize in verifying the accuracy of claims made in the media. Checking these sites can help confirm the validity of the scandal.

By cross-referencing information from various credible sources and conducting thorough research, you can better verify the validity of the Flutterwave Scandal or any similar allegations.

[marketingyts]

Skype, Flutterwave Founders Back $205 Million African Tech Fund

Norrsken22, an Africa-focused venture capital firm, is set to take the African tech scene by storm with its $205 million fund, backed by more than 30 unicorn founders and leading institutions. The fund, with high-profile investors such as Skype’s Niklas Zennström, Delivery Hero’s Niklas Östberg, and Flutterwave’s Olugbenga Agboola, aims to foster the next generation of African tech giants in key sectors like fintech, ed-tech, and Meditech.

In an interview, Norrsken22’s managing partner, Natalie Kolbe, emphasized the fund’s mission to discover and support groundbreaking tech startups in Africa. The primary focus of investments will be on key African nations such as South Africa, Nigeria, Ghana, Kenya, and Egypt.

[tradedmiami]

SALE IMAGE: Maurice Boschetti, Olugbenga Agboola & Jason Angrist DATE: 03/07/2023 ADDRESS: 4585 Nautilus Drive MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.2 BUYER: Olugbenga Agboola (@Olugbenga_Gb) - Flutterwave (@TheFlutterwave) SELLER: Jose R. Boschetti, Jr - Boschetti Group BUYER'S REP: Jason Angrist (@JAngrist) - Compass (@Compass) (@CompassFl) SELLER'S REP: Maurice Boschetti - Boschetti Realty Group (@BoschettiRealtyGroup) SALE PRICE: $7,100,000 SF: 5,200 ~ PPSF: $1,365 #Miami #RealEstate #tradedmia #MIA #MiamiBeach #SingleFamily #OlugbengaAgboola #Flutterwave #JoseRBoschettiJr #BoschettiGroup #JasonAngrist #Compass #MauriceBoschetti #BoschettiRealtyGroup

[biglisbonnews]

Ericsson has to pay a $206 million fine for failing to come clean on corruption Ericsson has spoiled its chance to make good on its anti-corruption promises to US prosecutors.Read more... https://qz.com/ericsson-bribery-charge-fine-doj-sec-1850183147

[creative-hustlers]

Flutter App Development - Why You Should Choose Flutter

There are several reasons why you may want to choose Flutter for mobile app development:

Cross-platform development: With Flutter, you can create apps for both iOS and Android with a single codebase, which can save time and resources.

Fast development: With its hot reload feature, developers can make changes to the code and see the results immediately, which speeds up the development process.

Customizable widgets: Flutter offers a wide range of customizable widgets that can be easily composed to create a unique and visually attractive app.

High performance: Flutter uses a reactive programming model and a fast, 2D rendering engine, which results in smooth and responsive app performance.

Large community: Flutter has a growing and active community, which provides a wealth of resources, tutorials, and plugins to help developers with their projects.

Cost-effective: With a flutter, you can save on the cost of development and maintenance as you can use one codebase for both iOS and android apps.

Easy to learn: Dart, the language used in Flutter, is easy to learn for developers familiar with object-oriented languages, making the transition to Flutter development relatively smooth.

Overall, Flutter offers a powerful, flexible, and cost-effective way to build high-performance, visually attractive, and responsive mobile apps for both iOS and Android platforms.

[flutterwave]

Flutterwave’s Agboola joins Wall Street Journal CEO council

Olugbenga ‘GB’ Agboola, the CEO of Flutterwave, Africa’s leading payments technology company, has joined the prestigious Wall Street Journal (WSJ) CEO Council. This recognition, which follows the recent acceptance of Flutterwave’s CFO Oneal Bhambani into the Wall Street Journal’s CFO Network, establishes GB as a global thought leader in fintech.

Comprising 350 CEOs from various industries, the WSJ CEO Council commands a strong global presence, with a collective workforce exceeding 11 million employees and generating about $4.48 trillion in annual revenue. It serves as an influential platform, facilitating growth conversations and fostering the exchange of ideas among leaders of the world’s most renowned companies.

With an academic footprint that cuts across institutions such as the Massachusetts Institute of Technology, the Wharton School of Management, and the University of Westminster, GB brings a wealth of knowledge and expertise to his role at Flutterwave. In 2020, he was named the African Leadership Magazine’s Young Business Leader of The Year.

GB’s inclusion in Fortune Magazine’s 40 under 40 list and a subsequent acknowledgement on Time Magazine’s 2021 Next 100 list further solidify his status as an influential tech leader. Also, in October 2022, he was conferred with the National Honor, Officer of the Order of the Niger, by President Muhammadu Buhari of the Federal Republic of Nigeria.

Under GB’s leadership, Flutterwave’s payment infrastructure has transformed transactional experiences across the African continent, becoming the fourth company to gain unicorn status (one billion dollar valuation) after raising a $170m Series C round in 2021.

In his new role within the WSJ CEO Council, GB will have a unique platform to share his perspectives and engage in conversations about emerging economies, payments, and global fintech with some of the world’s most influential CEOs. 

“As Flutterwave continues to innovate and provide payments infrastructure in Africa and beyond, it is an honour to join the ranks of WSJ’s esteemed CEO Council, an important platform for thought leadership and the exchange of ideas,” said Flutterwave CEO Olugbenga ‘GB’ Agboola. “Flutterwave’s work is an example of the transformative power of financial technology, and I look forward to bringing my perspective as the company’s CEO to the Council.”

Other members of the Council include Ebenezer Onyeagwu, group managing director and CEO, Zenith Bank; Allan Thygesen, CEO, Docusign; Satya Nadella, CEO of Microsoft; Börje Ekholm, president and CEO at Ericsson; Todd Boehly, chairman and CEO at Eldridge; and Arvind Krishna, CEO at IBM.

[olgbenga-agboola]

Exclusive: Flutterwave’s Olugbenga Agboola speaks on FW 3.0, IPO plans, and upgrading Barter

While GB was unclear about a timeline for an IPO for Flutterwave, he said the company’s current goal is digital market expansion. 

At the Kauffman Fellows event held in Nairobi this week, TechCabal spoke with Olugbenga Agboola, the CEO of Flutterwave. This publication shared several questions for him, including the state of its products, such as Barter and Send app, and we are posting them here verbatim to fully understand what the company has been up to and what it has planned for the coming days.

You talked about Flutterwave 3.0 a few years ago, which included several business segments. How is Flutterwave structured today, and what are your business segments?

GB: Flutterwave 3.0 was our evolution into a suite of products that would solve actual problems for consumers, Small and Medium Businesses (SMBs) and companies in Africa. We are looking at problems and basically identifying solutions. For example, when we launched the Send app, a remittance product, we made sending money anywhere in the world easier. But that is one problem but we also launched Swap. Swap is already in Nigeria and helps an average Nigerian who wants to swap currencies, from Naira to dollar, to be able to do so directly.

READ MORE: Breaking: Backed by CBN, Flutterwave’s new product Swap wants to solve Nigeria’s FX problems

And that’s our business. We help the average African business, both SMBs and enterprises or global corporations, to scale. 3.0 is when we structured the company into a suite of products where we can aggressively solve problems facing Africans in the African market.

What markets/countries does Flutterwave currently operate in? And what are your key markets? 

GB: So, in Kenya, we are a tech platform. We have partners in Kenya that we process payments with, like Uber. We have seen an opportunity in Kenya and are scaling here. Our scaling is in line with regulations and all the required processes. Our primary markets are Nigeria, South Africa, Egypt and Kenya. Our strategic markets are Rwanda, Ghana, Cameroon, Cote d’Ivoire and Senegal.

What is your fastest-growing business segment and country at the moment?

GB: Literally everything is growing very fast. Send app is growing at over 100%, and our portfolio of business is growing massively.  So we have been growing massively YoY now.

Barter is Flutterwave’s consumer-facing product focused on remittances, but you’re pushing a separate international payments app with a sleek design and faster payouts. Is Flutterwave going to deprecate Barter?

Well, we used to have a product called Barter. However, currently, it is in an upgrade phase. We want to build a new product to make Barter even more efficient, so we are working on that.

How is Flutterwave Send performing? And what growth metrics can you share?

Send app is growing at over 100 percent. Literally. It has been around, and we launched a new corridor from India to Africa and vice versa.

Flutterwave plans to list on the stock market. Considering the market momentum in recent weeks, what signal will you consider before finalizing your IPO plans? Ballpark on the same?

GB: When it is time, we will let you know for sure. Currently, we focus on customers, revenue, experience, and digital market expansion.

Flutterwave dismissed the allegations of fraud in Kenya, yet overall, statements from the regulator show the company faces a somewhat hostile environment in the country. How much progress has Flutterwave made to strengthen its relationship with the anti-graft agency and the CBK?

GB: The said issues have been addressed, even the ARA (Assets and Recovery Agency) issue, which is good. This is just proof of the proper governance within the company. ARA would not have found us free of every charge if we didn’t have a great infrastructure. We also scaling the team here with Leon Kiptum ( SVP of East Africa) here in Kenya. We are scaling the company and bringing the right people on board, and we are doing everything to scale and grow.

 Congrats on receiving the name approval in Kenya from the CBK.

GB: Yes, it is a step towards getting the licence. The first step is getting name approval, and that has been done, which is a very massive step. So very very soon, we should be having a licence.

TC: Bosun Tijani, the Nigerian minister, is a prominent name in the Nigerian/African tech industry. How important is his ministerial selection to Flutterwave and the Nigerian tech industry?

GB: Bosun’s appointment is amazing for Nigeria and the tech ecosystem. He has the experience and has walked the walk. On the government side, building policies is the best thing that can happen in Nigeria, and the country is very lucky to have Bosun. And I am very proud to have someone who has worked with us before.

[newwavenewsandentertainment]

Dammy Krane's Legal Woes: The Defamation Battle with Davido

🎤 Dammy Krane vs. Davido: The Legal Battle Heats Up!🎤 The ongoing feud between Nigerian music stars Dammy Krane and Davido has taken a serious turn, with Dammy Krane now facing criminal charges for alleged defamation. Accusations, arrests, and a tens