Tech Billionaire: Olugbenga Agoola
Olugbenga Agboola
Tech Billionaire: Olugbenga Agoola, a leading tech entrepreneur in Africa. He created Flutterwave, a prominent tech product widely utilized in Nigeria and across. Despite his influence, his personal life remains a mystery.
Notably, Olugbenga Agboola is recognized as a tech billionaire. This Florida-based real estate development company is renowned for its luxurious high-end properties.
Tech Billionaire: Olugbenga Agboola’s Background
In 1985, Olugbenga Agboola was born in Lagos State. In 2016, he, along with Iyinoluwa Aboyeji, founded Flutterwave. The tech industry commonly recognizes him as GB.
His business partner shifted focus to aiding other entrepreneurs and contributing to the community. GB assumed the role of CEO at Flutterwave and played a pivotal role in the company’s growth.
Tech Billionaire: Olugbenga Agoola’s Education
Tech Billionaire: Olugbenga Agoola possesses a wealth of knowledge and qualifications. He received early education in Nigeria before pursuing studies abroad. Gbenga’s academic achievements are numerous.
He attained a master’s degree in business administration from the Massachusetts Institute of Technology (MIT). He also attended Sloan School of Management in Cambridge. Additionally, Olugbenga Agboola holds a master’s degree in behavioral engineering and information technology security.
Gbenga obtained standard IT security certifications from EC-Council University in Albuquerque. Moreover, he graduated with a degree in Advanced Computing and Project Management from the University of Westminster.
In November 2012, he completed the Fundamentals of Finance advancing his academic journey. Gbenga crafted a Leading Edge Operations Plan in April 2013.
He actively participated in the Essential IT for Non-IT Executives training and the Supply Chain Strategy and Management program. Throughout this training, he acquired proficiency in using development tools. Additionally, Olugbenga Agboola delved into studies like server administration, agent management systems. Similarly, ethical hacking, JavaScript, PHP, PHP Apps, product innovation. Likewise, product life cycle management, product management, and retail banking.
Tech Billionaire: Olugbenga Agoola’s professional background
Agboola held various positions such as the Royal Bank of Scotland, Standard Bank Nigeria, and Sterling Bank. He also gained extensive experience at Google and PayPal before establishing Flutterwave. Inspired by his success in implementing payment solutions globally.
At the time, existing payment systems were limited for cross-border or cross-platform transactions. Determined to bridge this gap, Agboola embarked on creating Flutterwave, which unified payment solutions. This innovation addressed the disarray in Africa’s payment infrastructure.
In 2016, Agboola introduced Flutterwave as a one-stop payment solution for merchants and small businesses. It eliminated the need for multiple providers. Its immediate popularity marked a significant milestone. Just four years after its launch, Flutterwave’s influence extended to 15 nations.
Tech Billionaire: Olugbenga Agoola’s Achievements
 Agboola actively participated in the Young African Leaders Initiative at the Young African Leaders Initiative Network.
He announced the successful raising of $35 million to enhance payment facilitation at Flutterwave. The funds will be utilized to expand the company’s operations into new countries.
Under Agboola’s guidance, Flutterwave successfully completed the Series B Extension round of financing. Finally, securing investments from notable entities including MasterCard, CRE Ventures. Thus, Fintech Collective, 4DX Ventures, and Raba Capital.
Agboola serves on the board of directors for the Corporate Council on Africa. He chairs the Board of Directors at the Great Ife Alumni Association Inc. Illustrating graduates and associates of Obafemi Awolowo University in Nigeria.
In 2019, Agboola became a member of Fast Company’s Impact Council. A group comprised of entrepreneurs, technologists, corporate leaders, and designers. He was also recognized as one of the Quartz Africa Innovators for the year 2019.
Agboola contributed to the panel discussions at the US Africa Business Summit in Mozambique. He spoke during the session titled “Transforming African Economies Through Digitalization.”
In May 2019, Agboola was chosen to join Endeavor, a non-profit organization. This was dedicated to supporting high-impact entrepreneurs worldwide. This selection took place during Endeavor’s 87th International Selection Panel held in Madrid.
About The Author
