Flutterwave CEO Joins Africa’s BNPL Firm Lipa Later’s Advisory Board

After raising $12 million funding from a consortium of investors to expand its operations across Africa, Africa’s leading Buy-Now-Pay-Later (BNPL) firm Lipa Later Group has now appointed Flutterwave CEO Mr. Olugbenga ‘GB’ Agboola as a member of its advisory board.

A highly regarded serial entrepreneur with two successful exits under his belt, Mr. Agboola is a software engineer with an MBA and a Master’s degree in Information Technology Security and Behavioural Engineering.

“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.” Lipa Later’s CEO, Eric Muli said.

Speaking about the appointment, Mr. Olugbenga 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 capitalize on the untapped market opportunities and lead the BNPL market across the continent,” he added.

Mr. Agboola founded Flutterwave in 2016 to bring the convenience of new features like digital payments to consumers across Africa and beyond. Today the firm is valued at more than USD $3 billion after raising USD $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. Flutterwave is headquartered in San Francisco, California with operations in Nigeria, Kenya, Ghana, South Africa and seven other African countries. He’s had 2 exits before founding Flutterwave.

Image : TechPoint Africa