Iyinoluwa Aboyeji has stepped down from his role as the Chief Executive Officer (CEO) of Flutterwave Inc. Aboyeji disclosed this in a statement on his twitter.
Part of the statement read,
“Today will be my last day at Flutterwave. After much thought and prayer, I decided to step down from my role as CEO and focus on giving back to the startup community I owe so much of my success to.”
— Iyinoluwa Aboyeji (@iaboyeji) October 15, 2018
The 26-year-old co-founded two successful startups in Africa before launching Flutterwave in 2017. With $15.7 million in funding, the payments company is empowering Pan-African merchants to execute business on a global scale, processing $1.2 billion in transactions so far.
Aboyeji’s previous startup, Andela, gained attention when the venture received $24 million in funding from Mark Zuckerberg and also recently won another $40 million from angel investors.
“Just a little over a year ago in May of 2016, myself and my co-founders at Flutterwave started on this unlikely amazing journey to build payments technology and infrastructure that could connect Africa to the global economy and usher in a new way of prosperity across Africa. We knew it would be an incredibly difficult and intriguing mission but we never imagined we would have the kind of impact we did so quickly.” – Aboyeji
Flutterwave Inc. is a payment startup founded over a year ago to build underlying payments infrastructure for African businesses to accept a card, mobile money, and bank account payments in a single place.
The company was founded by Iyinoluwa Aboyeji and Olugbenga Agboola.
Flutterwave provides end-to-end payments technology and infrastructure that enables payment service providers, global merchants, licensed money transfer operators and Pan-African banks to process payments across all available payments options in Africa. It is a digital payments technology company on a mission to connect Africa to the global economy.
Within a year, Flutterwave has processed payments of $1.2 billion, carried out over 10 million transactions and has 10 Bank partners across Africa. The company has successfully built one of the world fastest growing payments business of all time from Africa, processing over 700 billion Naira in payments across over 30 million transactions generating revenues in the billions of Naira.