On the sidelines of the first Kauffman Fellows Africa VC summit in Nairobi, The Kenyan Wall Street sat down with Olugbenga Agboola (GB), the Founder and CEO of Africa’s largest fintech; Flutterwave. GB shed light on the company’s expansion plans and its vision for the future. Here are the key takeaways from the interview:
Expanding to India
Flutterwave has recently announced its expansion into the Indian market. When asked about the factors considered when expanding to a new country, GB explained that they follow their customers’ needs closely. In this case, Flutterwave identified a significant remittances corridor between Africa and India, making it a strategic move to provide seamless payment solutions for SMEs and individuals looking to transfer funds between the two regions. The company aims to leverage existing infrastructure and partnerships in the UK and India to facilitate these transactions.
Future of Flutterwave in 10 Years
Looking ahead, Flutterwave’s vision for the next 10 years is to become a major player in both the technology and finance sectors. According to the CEO, their goal is to offer a comprehensive range of payment solutions for their diverse user base, which includes SMEs and large corporations. GB emphasized the importance of making it easy for Africans worldwide, whether in India, the UK, Africa, the USA, or Europe, to conduct transactions and access all their payment needs through Flutterwave.
GB on Angel Investing
Apart from his role at Flutterwave, GB is a significant angel investor in Africa’s tech sector. He shared his investment criteria, emphasizing the importance of evaluating founders in the early stages. He looks for ambition, expertise, market knowledge, and the problem-solving aspect of the entrepreneurs’ endeavors before considering investments.
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