Olugbenga Agboola, the CEO of Flutterwave, aims to overcome the longstanding hindrance to Africa’s economic growth and development: the scarcity of credit access. For many businesses and individuals, financial resources are lacking, constraining their potential and limiting economic progress. Thus, Agboola advocates building credit infrastructure, recognizing that credit access is a vital driver of economic growth, one that Africa can utilize to unlock its potential and create a more prosperous future.
Flutterwave, Agboola’s payment technology company, provides digital payment infrastructure and services that enable businesses and individuals to receive payments worldwide. The platform allows debit and credit cards, mobile money, and bank transfers.
Agboola’s team at Flutterwave initiated a number of programs aimed at increasing credit access in Africa. Flutterwave’s Barter app offers consumers a virtual debit card that can be used to conduct online purchases and payments, as well as access loans that allow for business startup and expansion. Agboola sees this as a fundamental step in building credit infrastructure in Africa, and he is determined to expand credit availability throughout the continent.Another program, the Flutterwave Store, is an online marketplace that enables businesses to sell their products and services, thus promoting entrepreneurship and driving economic growth by providing businesses with a broader audience.
Agboola believes that credit access is crucial for economic growth and development, recognizing that, without it, many businesses and individuals are unable to realize their full potential. Consequently, Agboola is not only providing access to credit, but also developing a more robust and sustainable economy in Africa through his work at Flutterwave. His mission to build credit infrastructure in Africa is a critical step towards unlocking the continent’s potential and ensuring a brighter future for all.
To conclude, Olugbenga Agboola’s objective of building credit infrastructure in Africa is a critical step in driving economic growth and entrepreneurship across the continent. By offering credit access to businesses and individuals, Agboola and his team at Flutterwave are unlocking Africa’s potential and building a more prosperous future for everyone.