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Leading African fintech company Flutterwave has set its sights on listing on the Nigerian Stock Exchange (NGX) as part of its broader strategy to deepen financial inclusion and empower small and medium-sized enterprises (SMEs) with seamless digital payment solutions.
During a recent engagement with President Bola Ahmed Tinubu, Flutterwave’s Founder and CEO, Olugbenga ‘GB’ Agboola, alongside executives from Alami Capital, underscored the company’s pivotal role in revolutionizing cross-border payments since its inception in 2016.
Agboola highlighted Flutterwave’s impact on simplifying digital transactions for Nigerians, allowing them to seamlessly pay for services like Uber and Netflix in Naira, reducing reliance on foreign currencies. The company has also played a crucial role in facilitating international merchants’ entry into Nigeria by localizing their payment systems.
“In recent years, we have launched a remittance platform that enables Nigerians in the diaspora to send money home efficiently while contributing to foreign currency inflows. Today, Flutterwave ranks among the top three companies in Nigeria in terms of international inflows, and we are committed to further strengthening this position,” Agboola stated.
With a valuation exceeding $3 billion, Flutterwave holds licenses in over 15 African countries and operates in more than 30 markets, including the United States and the United Kingdom, while fostering key partnerships across the European Union. The company remains focused on expanding digital payment solutions to enhance financial accessibility for global users.
Beyond payments, Flutterwave is enabling Nigerian businesses to expand their reach in international markets. Its platform empowers merchants to accept payments from customers worldwide, simplifying cross-border transactions and fostering global trade.
“Our vision is to connect Nigerians to the global economy, positioning Nigeria as a leading payments hub and attracting investors. With a workforce of over 1,000 Nigerians and a strong brand built over the years, we remain dedicated to transforming the digital payments landscape,” Agboola reaffirmed.
As Flutterwave moves towards an NGX listing, its strategic growth initiatives are set to further strengthen Nigeria’s fintech ecosystem, enhance regulatory compliance, and support economic development through financial technology innovations.
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