It is no longer news that young people especially under 30 entrepreneurs are tackling the world’s biggest challenges with innovative creations. They create companies and organizations aimed at solving the problems confronting society today.
Among them is Iyinoluwa Aboyeji who is a young Nigerian entrepreneur and co-founder of Andela, an engineering and service business that helps companies to build remote teams quickly at a cost-effective rate.
Aboyeji is also the founder and former managing director of Flutterwave, a technology that uses digital payments infrastructure that assists banks and businesses to build seamless and secure payments for their customers.
In March 2019, he founded Future Africa, an innovation fund that provides capital and coaching to innovators.
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As a young boy, he was involved in lots of innovative creations and as such co-founded quite a number of companies. Among them was the Bookneto Inc. alongside Pierrie Alrs, a social learning platform for sharing and organizing learning resources within learning communities. It allowed users to manage course interactions and the ability to see questions, insights, and discussions on course material from students taking related courses at other schools.
In 2014, he met with Jeremy Johnson, a technology entrepreneur and enthusiast who shared the same passion and drive as him. They both started Andela, a company that invests in African software engineers to help companies solve the technical talent shortage and build high-performing distributed engineering teams.
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The rise of Andela attracted investments from both local and international investors. Aboyeji worked with Andela for two years after which he resigned and moved on to his next venture. Before he resigned, the company raised $24 million Series B funding from investors including Facebook’s Mark Zuckerberg and former US Vice President, Al Gore.
In 2016, Flutterwave was launched. Flutterwave is a platform that partners with businesses to process payments globally. It allows for payments to be made and accepted anywhere around the world on its integrated platform.
Aboyeji was the CEO of Flutterwave for two years before resigning in October 2018. Under his leadership as CEO, Flutterwave had become one of the fastest-growing payments technology business of all-time, attracting significant investments from Y Combinator, Greycroft, Greenvisor Capital, and Mastercard.
Flutterwave is currently valued at $150 million, and it is also Y Combinator’s most valuable startup in Africa.
He moved further to work as the Deputy Director-General on Oby Ezekwesili’s presidential campaign from 2018 to February 2019.
In March 2019, Aboyeji founded Future Africa and became a General Partner of the company. Future Africa is a platform for providing capital, coaching, and community to innovators and entrepreneurs looking to solve problems throughout the continent.
Some of the start-ups in their portfolio include; Lori Systems, Andela, Flutterwave, Eden, MAX, and Kobo360.