Flutterwave Appoints Its First Independent, Non-Executive Board Member

Flutterwave appoints its first independent, non-executive board member. The role in question designates Asenowo as the very first non-executive independent board member of Flutterwave, thus bringing her valuable perspective to the Pan-African objectives of the company and also bolstering its worldwide standing.

Flutterwave Appoints First Non-Executive Board Member

Flutterwave Appoints First Non-Executive Board Member

This very new addition is all part of the international efforts of Flutterwave, coming just three months after three finance executives left the company in November 2023. It however made six new appointments a month later.

Adenowo joins the firm with more than 35 years of experience in her architecture career as well as a robust portfolio of both local and international projects at the architectural form AD Consulting, prior to this, she had gotten the 2020 Forbes Woman African Entrepreneur of the Year Award.

What CEO Olugbenga Agboola Have to Say about the Development

CEO Olugbenga Agboola firmly said, “Olajumoke Adenowo’s insights and strategic vision will be invaluable assets as we continue to pioneer innovative solutions and drive impactful change across Africa and beyond. We look forward to her contributions and are confident that together, we will chart new heights of success.”

Adenoma additionally said, As Flutterwave’s first independent non-executive board member, I draw on my personal paradigm derived from my roots in my African heritage alongside my global exposure to bolster our mission of bridging Africa with the world’s markets.”

Flutterwave Offers a Payment Gateway Catering To Global Merchants

Founded by Agboola and Iyinoluwa Aboyeji in 2016, Flutterwave offers a payment gateway catering to global merchants across three distinct customer segments – enterprises, SMEs, and individuals.

A report jointly released by Boston Consulting Group (BCG) and QED Investors predicts Africa’s fintech ecosystem to be one of the fastest-growing by 2030. However, Flutterwave positions itself as a leading player in the payment solutions industry.

Flutterwave Achieved a Valuation Exceeding $3 Billion

In 2022, the company achieved a valuation exceeding $3 billion following a successful $250 million series D funding round, which followed a $170 million series C round. Flutterwave boasts of serving over a million businesses and processing up to 500,000 transactions daily. Beyond its core African market, it has expanded its presence into India, the United States, and Europe.

In December 2023, Flutterwave acquired money transfer licenses in 13 states, namely Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.



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