Olugbenga Agboola, CEO Flutterwave Biography

Olugbenga Agboola

Olugbenga Agboola is the pioneer/CEO of Flutterwave, a FinTech organization.

Flutterwave gives a payment infrastructure to global merchants and payment service providers. The organisation is concerned about improving the scene of payments in the African landmass. The organization was established in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola. Its headquarters is in San Francisco, California, United States with operations in Nigeria, Kenya, Ghana, South Africa, and seven other African nations.

Early Life

Olugbenga was born 1985 in Lagos State, Nigeria. He grew up and had his early education in Nigeria prior to moving abroad for academic purposes. He got his MBA certificate from the Massachusetts Institute of Technology (MIT) Sloan school of management, Cambridge.

He bagged his masters degree in information technology security and behavioral engineering. He went to EC-council university in New Mexico, where he got the standard IT security confirmations.

Olugbenga Agboola additionally went to the University of Westminster in London, where he received his project management and advanced computing degree certifications.

In November 2012, he completed finance fundamentals for the technology executive at MIT where he was opportune to have procured numerous abilities, including development tools, javascript, ethnical hacking, item development, agent management, retail banking, security management, PHP, server administration, PHP applications, among others.


From January 2003 to January 2004, Olugbenga Agboola worked as an Application Developer for British Telecom Professional Services.

Between 2004 and January 2005, he functioned as an application engineer at Paypal. From that point, he became a member of the Enterprise Infrastructure Solution Development team of Guarantee Trust Bank (GTB). This was between January 2005 to March 2009.

Olugbenga Agboola has likewise worked for Standard Bank Nigeria as Technology Product Manager and Developer. The tech genius later fostered a Biometric Payment Solution for this bank.

Likewise, Gbenga filled in as a Product Manager for Google Wallet, the organisation's payment product. He was the Head of Mobile Financial Services at Sterling Bank where he led Access Bank's digital innovation drive in 2014. From November 2014 to May 2016, he was the Head of Innovation and Product Management, Digital Banking at Access Bank Plc.

In 2015, Gbenga took part in a Management Program at the Wharton School. In 2016, he became the Senior Entrepreneur in Residence for Africa Fintech Foundry. This happened from May 2016 to August 2018. Gbenga was one of the individuals from a Strategic Marketing Program at Northwestern University, Kellogg School of Management, Evanston, Illinois in 2017.

Olugbenga Agboola was at first the Chief Technical Officer (CTO) of Flutterwave prior to taking on the place of the Chief Executive Officer (CEO) in October 15, 2018 after the previous CEO, Samuel Aboyeji resigned. At that time, he was also an entrepreneur at the Royal Bank of Scotland Business.


Flutterwave got a license in Nigeria in 2016, barely a year after its establishment. Flutterwave has helped uber, Netflix, aircraft tickets, and numerous organisations in making payments.

They likewise implanted a customer item called "Bata," an application to assist individuals with making wire transfers across Africa and get instant dollar gift cards around the world.

Flutterwave has covered 20 nations in Africa since its inception, despite everything anticipating acquiring more grounds.

In 2019, the mission of Flutterwave was revamped to “simplify payments for endless possibilities”. In 2020, the impact of Covid-19 rejuvenated Flutterwave store. “Flutterwave is hoped to be the next Amazon in Africa,” said Olugbenga Agboola.

Flutterwave is building present-day payments technology and infrastructure for Africa. Its innovation empowers banks and traders to replace multiple payment integrations with one basic API, which enables processing of any form of payment anywhere in Africa.

Since its inception in May 2016, Flutterwave has handled more than $2.3 billion in payments across 60 million transactions, collaborating with Standard Bank, First Bank, Guaranty Trust Bank, Zenith Bank, Access Bank, United Bank for Africa, and Ecobank.

Flutterwave clients include Transferwise, Flywire, Booking.com, JumiaPay, and Uber, among others.

Net Worth

Olugbenga Agboola

Olugbenga Agboola is rated among the richest in Nigeria, with a net worth of more than $10 million US dollars. He is one of the young and powerful businesspeople in Africa.

TechCabal's Bankole Oluwafemi portrays him as a passionate IT expert who was incensed by the condition of payments in Nigeria before Flutterwave began with him in the team.

He is a Certified Ethical Hacker, Certified Security Analyst, and Microsoft Certified System Engineer.