April 25

Africa’s Top Fintech Player Is Getting Ready for an IPO

By Yinka Adegoke and Alexander Onukwue

Flutterwave, the Nigeria-based digital payments company and Africa’s most valuable startup, has made changes to its corporate team as part of moves aimed at preparing for an initial public offering, its chief executive told Semafor Africa.

Olugbenga ‘GB’ Agboola, speaking at Semafor’s World Economy Summit in Washington D.C. on April 18, described Flutterwave’s hopes for a public offering as part of a broader future agenda. “Right now our goal is to be IPO-ready, ensuring we have the right corporate governance in place, making sure we are operating well,” Agboola said. “We want to be a long-term company in Africa, for Africa – and so the goal is building the right infrastructure to be here for the next ten-plus years.”

Photo courtesy of Olumide Bamgbelu.

Source: Semafor (link opens in a new window)

Finance, Technology
digital payments, financial inclusion, fintech, mobile finance, startups