Flutterwave, a leading Nigerian Fintech valued at over $3 billion with 1,000 Nigerian employees will seek listing on the Nigerian exchange.
Flutterwave was founded by young Nigerians and headquartered in Lagos. It operates in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.
Its CEO, Olugbenga Agboola on Saturday disclosed to President Bola Tinubu whose support he solicited at a meeting attended by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Armstrong Ume Takang, the Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI), and Inuwa Kashifu Abdullahi, the Director General/ Chief Executive Officer of the National Information Technology Development Agency (NITDA).
Others at the meeting included Adeleke Adekoya, a co-founder; Oluwabankole Falade, Mitesh Popat, and Oluseun Olufemi-White representing Alami Capital as its CEO.
Flutterwave is reputed for making it easy for Nigerians to pay for some global services with Naira and providing payment platforms for Nigerians in the diaspora willing to send money to families and relatives in the country.
President Tinubu, who stated that his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans, said Nigeria is genuinely open to business and he is determined to remove all obstacles to allow companies to thrive.
He commended Flutterwave’s commitment to building capacity in the digital economy sector, especially as it is being made possible by energetic, young Nigerians. He said he is honoured to be the President of a country with such a youthful and resourceful population.
He said the leadership Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for most of its population.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said Flutterwave has made significant progress since its establishment 10 years ago. It has created jobs and helped diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.
The Managing Director and Chief Executive of MOFI, Armstrong Ume Takang, said that as Africa’s biggest economy, Nigeria must demonstrate its economic prowess by strategically positioning products and services by Nigerian companies, such as Flutterwave, in the homes of all Africans.
He suggested that Flutterwave, which spends millions of dollars monthly on hosting services in other countries, should support Galaxy Backbone’s hosting services to enable it to handle companies like Flutterwave and retain in Nigeria, the money paid to other countries for hosting services.
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