Flutterwave is ready for an initial public offering (IPO), says CEO, Olugbenga ‘GB’ Agboola (Right)[/caption]
Nigeria’s top company in the financial technology sector, Flutterwave, has rolled out plans for an initial public offering (IPO).
This was disclosed by the chief executive of Flutterwave, Olugbenga ‘GB’ Agboola, at Semafor’s World Economy Summit in Washington D.C. on April 18.
According to Agboola, Flutterwave’s hopes for a public offering are part of the company’s broader future agenda.
“Right now, our goal is to be IPO-ready, ensuring that we have the right corporate governance in place and making sure we are operating well,” Agboola said.
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“We want to be a long-term company in Africa, for Africa and so, the goal is building the right infrastructure to be here for the next ten-plus years.”
Agboola said as part of preparations for the IPO, the Nigeria-based digital payments company and Africa’s most valuable startup, has effected some changes in its corporate team.
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“Key among the milestones for being IPO-ready are recent hires, including a new board chair, two independent directors, and experienced executives to fill roles needed to “translate tech speak” for regulators,” he said.
