Olugbenga Agboola Drives African Fintech Dominance As Flutterwave Acquires Mono 
rRca, while empowering millions of local small and medium enterprises. Olugbenga “GB” Agboola, founder and CEO of Flutterwave, has positioned his company as Africa’s leading financial technology after acquiring open-banking platform Mono. The fintech giant was founded in 2016 and currently serves as the bridge between African organizations and the global economy, facilitating hundreds of billions of transactions. The acquisition of Mono gives Flutterwave control of the crucial financial data APIs and account verification tools used by local and international banks, digital lenders, and payment platforms.
Under the leadership of Agboola, Flutterwave joined the ranks of the world’s most popular fintech companies after joining the unicorn club. The acquisition of the API aggregator that controls millions of banking connections and credit data will enable Flutterwave to transition from being a payments processor to a financial operating system. In addition, the founder’s vision has enabled the company to scale enterprise lending, acquire new merchant customers, and offer more products to facilitate global payments and remittances.
The rise of Agboola and his fintech company signifies the emergence of African technological platforms ready to provide innovative solutions to local markets and operate at a global level. Apart from being one of Nigeria’s leading fintech founders, Agboola provides cutting-edge financial services to several multinational companies, including Uber, Microsoft, and Google. His venture into the open banking space by acquiring Mono will enable him to offer a broader spectrum of financial services that will disrupt the continent’s economy. Notably, Agboola’s achievements and vision are comparable to those of his contemporaries, Tosin Eniolorunda, the founder of Moniepoint. Both young Nigerian entrepreneurs have laid the foundation for creating software platforms that will enable them to operate as financial intermediaries in their respective countries.
