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Flutterwave
Flutterwave is a fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent. History Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with current operations in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries. In 2021, Flutterwave raised a US$170 million Series C funding round. At the time, this was the largest amount ever secured by an African tech startup and gave it a valuation of over US$1 billion, making Flutterwave a unicorn. Investors in Flutterwave include Y-Combinator, Visa Ventures, Mastercard, Avenir Growth Capital, and Tiger Global Management. Flutterwave raised a US$250 million Series D funding round at over US$3 billion valuation in 2022 as well. In December 2021, Flutterwave launched Send App, an African-focused remittances service that facilitates i ...
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Olugbenga Agboola
Olugbenga Agboola (born 1985) is a Nigerian software engineer, entrepreneur, and business leader. He is the CEO and co-founder of Flutterwave, Vice Chairman of the U.S.-Africa Business Center Board, and a member of prominent business organizations including the Milken Institute Africa Business Leaders Council, the Wall Street Journal CEO Council, and the Fast Company Impact Council. Career Born in Lagos, Agboola is a graduate of the MBA program at MIT Sloan School of Management. Prior to founding Flutterwave with Iyinoluwa Aboyeji in 2016, he worked as an application engineer at PayPal and held roles in product management at Google. His earlier fintech venture, which focused on alternative payment methods, was acquired by a major Nigerian bank. National Honours Agboola was decorated with Nigeria's National Honour Medal of the Officer of the Order of Niger (OON) by President Muhammadu Buhari in recognition of his contributions to the advancement of technology, innovations and e ...
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Iyinoluwa Aboyeji
Iyinoluwa Samuel Aboyeji (born March 28, 1991) is a Nigerian entrepreneur. He is the co-founder of Andela, and the former managing director of Flutterwave. Aboyeji was cited as one of the Top 100 most influential Africans by ''New African'' magazine in 2019. Education Aboyeji attended Loyola Jesuit College, where he completed his senior secondary in 2007. Afterward, he went to Columbia International College and earned a bachelor's degree in international and legal studies and international development from the University of Waterloo and St. Jerome's University. Career Aboyeji co-founded Andela, a global job placement network for software developers in 2014. In 2016, he cofounded Flutterwave, Africa's leading payments technology company. Aboyeji is currently the general partner and co-founder of Future Africa, a platform that provides capital, coaching and community for mission-driven innovators. He has also worked as an advisor at Africa Angels Network (now CRE VC), which is ...
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Pay4Me App
Pay4Me App is a financial technology company that offers cross-border payment services to international students. Pay4Me have offices in Boise, Idaho, Indianapolis, Indiana, Lagos, Nigeria, and operates in Nigeria, Ghana, Kenya, Cameroon, Tanzania, and Rwanda. History The company was established in 2020 by Sunday “Paul” Adah, as a cross border payment platform, for students' tuition fees. In 2022, the company, Pay4Me App joined the founders’ class with Techstars Chicago and competed in Boise Entrepreneur Week Pitch Competition. It joined the Village Capital 2024 ADAPT Social Innovation for a More Resilient Future accelerator program organized in partnership with the MetLife Foundation and TIAA. The company also joined thNASDAQ Entrepreneur Center Milestone Maker Program and became a gener8tor portfolio company. See also * List of online payment service providers * Payment service provider * Paystack * Flutterwave Flutterwave is a fintech company that provides a ...
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Paystack
Paystack is a Nigerian financial technology (fintech) company that provides online and offline payment solutions to businesses across Africa. Founded in 2015 by Nigerian computer science graduates Shola Akinlade and Ezra Olubi, the company was accepted into Y Combinator’s startup accelerator in 2016, where it received early-stage funding in Silicon Valley. Later that year, Paystack publicly launched. By 2020, it was serving over 60,000 businesses and was acquired by Stripe for over $200 million, making it the largest startup acquisition to date from Nigeria and Stripe’s biggest acquisition at the time. History Paystack was founded in 2015 by Nigerian computer science graduates Shola Akinlade and Ezra Olubi. The company later participated in the Y Combinator startup accelerator, receiving early-stage funding in Silicon Valley. Paystack publicly launched in 2016 after participating in Y Combinator's Winter 2016 cohort. In October 2020, Stripe announced its acquisition of Pa ...
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Interswitch
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos. Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers with consumers, as well as Verve, a homegrown, EMV-certified payments card scheme. History After using an ATM for the first time in Scotland, Mitchell Elegbe developed an idea to create electronic payment infrastructure in Nigeria while he was working on implementing SWIFT. Working at Telnet, his boss approved the transaction switch. However most players he sold to were not interested in the software for switching; this led him to creating Interswitch so as to meet his targets. With the assistance of Accenture, Elegbe and his team established the company, of which he then became CEO. In 2010 ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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TheCable
''TheCable'' is an independent online newspaper in Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, .... It was launched on April 29, 2014 by Simon Kolawole, the former editor of '' This Day'' newspaper. Its publisher, Cable Newspaper Ltd., was established on November 29, 2011. Key staff *Fisayo Soyombo — Pioneer Editor (April 2014 to January 2017) * Taiwo Adebulu — Features and investigations editor * Kolapo Olapoju — Editor * Simon Kolawole — CEO * Mayowa Tijani — Editor-at-large References 2014 establishments in Nigeria Newspapers established in 2014 Nigerian news websites {{Nigeria-media-stub ...
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Kenyan Shilling
The shilling (; abbreviation: KSh; ISO 4217, ISO code: KES) is the currency of Kenya. It is divided into 100 cents. The Central Bank of Kenya Act cap 491, mandated the printing and minting of the Kenyan shilling currency. Notation Prices in the Kenyan shilling are written in the form of , where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "" and 100 shillings as "" or "100/". Sometimes the abbreviation ''KSh'' is prefixed for distinction. If the amount is written using words as well as numerals, only the prefix is used (e.g. KSh 10 million). This pattern was modelled on Pound sterling, sterling's Pound sterling#Pre-decimal, pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence. History The Kenyan shilling r ...
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Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its ori ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ...
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COVID-19
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever, fatigue, cough, breathing difficulties, anosmia, loss of smell, and ageusia, loss of taste. Symptoms may begin one to fourteen days incubation period, after exposure to the virus. At least a third of people who are infected asymptomatic, do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, hypoxia (medical), hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure, shock (circulatory), shock, or organ dysfunction, multiorgan dysfunction). Older people have a higher risk of developing severe symptoms. Some complicati ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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