Browsing: Olugbenga Agboola

• Olugbenga Agboola, co-founder and CEO of Africa’s largest fintech company, Flutterwae fintech, purchased a Miami beach house valued at $7.1 million.
• Flutterwave’s raised $250 million in February 2022 at a valuation of $3 billion making it one of the few unicorns in Africa.
• The fintech has faced legal and regulatory hurdles in Kenya including the freezing of $40m held by Flutterwave on money laundering allegations.  

Olugbenga Agboola, co-founder and CEO of Africa’s largest fintech company, Flutterwae fintech, purchased a Miami beach house valued at $7.1 million. This purchase raises various questions after the Nigerian fintech company was allegedly hacked resulting in a $4.2 million loss.

Business Insider Africa reported tha Agboola had purchased a six-bedroom, seven-bathroom house in Miami beach. According to official records, the property was previously owned by the Boschetii Group, a real estate development firm. They purchased the plots for $1.2 million in 2021 and built …

Flutterwave CEO, Olugbenga Agboola, aka GB, is under scrutiny over the allegations which also include financial misconduct, insider trading and embezzlement.

These Flutterwave allegations could spook investors pouring their money into African start-ups and this is a reality until the Flutterwave scandal is discredited. If not, the whole tech ecosystem in Africa might lose out since there has been disquiet over corporate dysfunction and a toxic work culture at Nigerian tech start-ups. When Nigeria sneezes, Africa does catch a cold and the Flutterwave allegations are just the signs of a pandemic if not handled with care.

Many outsiders are outraged by Nigerian companies’ corporate dysfunction and bad workplace culture with one former Flutterwave Kenya employee, Clara Wanjiku Odero, accused Agboola of bullying and negligence leading to fraud at Flutterwave.…