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Flutterwave CEO joins Lipa Later’s advisory board

By , ITWeb
Africa , 18 Mar 2022
Flutterwave CEO and Founder, Olugbenga ‘GB’ Agboola.
Flutterwave CEO and Founder, Olugbenga ‘GB’ Agboola.

Buy-Now-Pay-Later (BNPL) firm Lipa Later Group has appointed Flutterwave CEO and Founder, Olugbenga ‘GB’ Agboola as a member of its advisory board.

In a statement released to the media, Lipa Later said Agboola is a software engineer with an MBA and a Master's degree in Information Technology Security and Behavioural Engineering.

Lipa Later’s CEO, Eric Muli commented: “Olugbenga Agboola is one of Africa's foremost Fintech experts and we are huge admirers of the work he has done on the continent. GB joining us is an incredible honour and a testament to the work we are doing here at Lipa Later.”

Speaking about the appointment Agboola said: “I have followed Lipa Later for some time now and I am impressed by its continued innovation, growth strategy and broad vision for Africa. The highly innovative and forward looking team in place has built a robust and scalable platform that positions Lipa Later to capitalise on the untapped market opportunities and lead the BNPL market across the continent.”

Agboola founded Flutterwave in 2016 to bring the convenience of new features like digital payments to consumers across Africa and beyond. It has operations in Nigeria, Kenya, Ghana, South Africa and seven other African countries

According to the San Francisco, California company it is valued at more than US$3-billion after raising US$250-million in a Series D funding round.

Some of Flutterwave’s investors include B Capital Group, Alta Park Capital, Whale Rock Capital, Lux Capital, Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital, Salesforce Ventures.

Lipa Later recently raised US $12-million from investors with a view to expanding aggressively beyond Kenya, Rwanda and Uganda.

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