Afrigather Flutterwave, Africa’s most useful startup, has been named ‘Fintech of the Yr’ on the African Banker Awards in recognition of its contributions to the monetary know-how sector in Africa. The award celebrates Flutterwave and different corporations and people setting new requirements of innovation and contributing to the expansion and growth of Africa’s banking sector over the previous yr.
The award is Flutterwave’s third worldwide recognition in 2024 after the fintech big was included in CNBC’s Disruptor 50 list and Quick Firm’s Most Innovative Firms.
Though it stays unclear when Flutterwave will IPO, the awards may lend credence to Flutterwave’s ambitions to go public. The fintech firm has been linked to an preliminary public providing since August 2023, when Olugbenga Agboola, its CEO, disclosed that the fintech would forge forward with its 2022 IPO plans. The fintech has additionally just lately modified up its government crew after a number of high-profile exits in current months.
“We’re extremely honoured to obtain this prestigious award,” mentioned Agboola, in a press release seen by TechCabal.
The award ceremony passed off final night time on the JW Marriott Resort in Nairobi, Kenya, the place over 300 of Africa’s main figures in banking and finance have been attending the African Banker Awards gala.
“This recognition is a testomony to the arduous work, dedication, and creativity of all the crew at Flutterwave. It additionally reaffirms our mission to simplify funds for limitless prospects, and we stay dedicated to constructing options that allow multinationals to increase in and inside Africa, and likewise supporting African corporations to compete globally,” an excerpt from the assertion learn.
Flutterwave additionally received approval in precept for a fee aggregator licence from the Central Financial institution of Mozambique at present because it appears to be like to increase into the southeastern African area. The licence, if authorised, will enable Flutterwave to assist companies increasing into Mozambique and world enterprises increasing into Africa.
Flutterwave’s key enterprise is processing on-line funds, enabling worldwide companies like Uber to just accept funds from African companies and prospects. The fintech permits these companies and multinationals to just accept numerous types of funds, like cellular cash, card funds, and financial institution transfers.
